Call the Dentist! A (Con-)Cavity in the Value of Information
Theoretical Economics
2024-04-02 v1
Abstract
A natural way of quantifying the ``amount of information'' in decision problems yields a globally concave value for information. Another (in contrast, adversarial) way almost never does.
Cite
@article{arxiv.2404.01190,
title = {Call the Dentist! A (Con-)Cavity in the Value of Information},
author = {Mark Whitmeyer},
journal= {arXiv preprint arXiv:2404.01190},
year = {2024}
}