The Scope of This Book Popular culture often refers to current times as the Information Age,
classifying many of the technological, economic, and social changes of the past four deca …

Suppose agents value information not only to make contingent plans but also intrinsically.
How are such attitudes toward information related to attitudes toward risk? We generalize …

Positive value of information in games* Page 1 Abstract. We exhibit a general class of
interactive decision situations in which all the agents benefit from more information. This class …

Mining operations face a decision regarding additional drilling several times during their
lifetime. The two questions that always arise upon making this decision are whether more …

The value of information is examined in a single-agent environment with unawareness.
Although the agent has a correct prior about events he is aware of and has a clear …

In a Bayesian game players play an unknown game. Before the game starts some players
may receive a signal regarding the specific game actually played. Typically, information …

This paper reflects on the concept of the “expected value of perfect information”(EVPI) and
the procedure used to determine it. It is widely accepted that this value is the difference …

A well-known theorem of Blackwell states that, when quantity of information is properly
defined, every expected utility decision maker prefers more information to less; for more …

We provide necessary and sufficient conditions for a dynamically consistent agent always to
prefer more informative signals (in single-agent problems). These conditions do not imply …

Recent years have witnessed a large increase in the amount of information available from
the Web and many other sources. Such an information deluge presents a challenge for …