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We formulate one methodology to put a value or price on knowledge using well accepted techniques from finance. We provide justifications for these finance principles based on the limitations of the physical world we live in. We start with…

General Finance · Quantitative Finance 2021-02-02 Ravi Kashyap

Information is a critical dimension in warfare. Inaccurate information such as misinformation or disinformation further complicates military operations. In this paper, we examine the value of misinformation and disinformation to a military…

Optimization and Control · Mathematics 2019-01-08 Yanling Chang , Matthew F. Keblis , Ran Li , Eleftherios Iakovou , Chelsea C. White

Deliberative processes play a vital role in shaping opinions, decisions and policies in our society. In contrast to persuasive debates, deliberation aims to foster understanding of conflicting perspectives among interested parties. The…

Computers and Society · Computer Science 2024-04-17 Moritz Plenz , Philipp Heinisch , Anette Frank , Philipp Cimiano

When assessing relations between argumentative units (e.g., support or attack), computational systems often exploit disclosing indicators or markers that are not part of elementary argumentative units (EAUs) themselves, but are gained from…

Computation and Language · Computer Science 2019-06-11 Juri Opitz , Anette Frank

Recently, ranking-based semantics is proposed to rank-order arguments from the most acceptable to the weakest one(s), which provides a graded assessment to arguments. In general, the ranking on arguments is derived from the strength values…

Artificial Intelligence · Computer Science 2014-12-04 Fuan Pu , Jian Luo , Yulai Zhang , Guiming Luo

Although transmission of a data packet containing sensory information in a networked control system improves the quality of regulation, it has indeed a price from the communication perspective. It is, therefore, rational that such a data…

Optimization and Control · Mathematics 2023-09-06 Touraj Soleymani , John S. Baras , Sandra Hirche

In this paper, we introduce evidence propagation operations on influence diagrams and a concept of value of evidence, which measures the value of experimentation. Evidence propagation operations are critical for the computation of the value…

Artificial Intelligence · Computer Science 2013-02-28 Kazuo J. Ezawa

An intelligent agent performs actions in order to achieve its goals. Such actions can either be externally directed, such as opening a door, or internally directed, such as writing data to a memory location or strengthening a synaptic…

Artificial Intelligence · Computer Science 2018-11-08 Can Eren Sezener

In abstract argumentation, multiple argumentation semantics have been proposed that allow to select sets of jointly acceptable arguments from a given argumentation framework, i.e. based only on the attack relation between arguments. The…

Artificial Intelligence · Computer Science 2019-02-28 Marcos Cramer , Mathieu Guillaume

Internet users generate content at unprecedented rates. Building intelligent systems capable of discriminating useful content within this ocean of information is thus becoming a urgent need. In this paper, we aim to predict the usefulness…

Computation and Language · Computer Science 2018-09-24 Marco Passon , Marco Lippi , Giuseppe Serra , Carlo Tasso

Artificial Intelligence (AI) is being increasingly deployed in practical applications. However, there is a major concern whether AI systems will be trusted by humans. In order to establish trust in AI systems, there is a need for users to…

Artificial Intelligence · Computer Science 2021-02-16 Quratul-ain Mahesar , Simon Parsons

An optimal delivery of arguments is key to persuasion in any debate, both for humans and for AI systems. This requires the use of clear and fluent claims relevant to the given debate. Prior work has studied the automatic assessment of…

Computation and Language · Computer Science 2023-09-08 Gabriella Skitalinskaya , Maximilian Spliethöver , Henning Wachsmuth

I examine the value of information from sell-side analysts by analyzing a large corpus of their written reports. Using embeddings from state-of-the-art large language models, I show that qualitative information in analyst reports explains…

General Finance · Quantitative Finance 2025-06-18 Linying Lv

Dung's abstract argumentation theory is a widely used formalism to model conflicting information and to draw conclusions in such situations. Hereby, the knowledge is represented by so-called argumentation frameworks (AFs) and the reasoning…

Artificial Intelligence · Computer Science 2016-04-01 Ringo Baumann , Thomas Linsbichler , Stefan Woltran

In multi-criteria decision analysis workshops, participants often appraise the options individually before discussing the scoring as a group. The individual appraisals lead to score ranges within which the group then seeks the necessary…

General Economics · Economics 2020-12-29 Tom Pape

We augment Assumption Based Argumentation (ABA for short) with weighted argumentation. In a nutshell, we assign weights to arguments and then derive the weight of attacks between ABA arguments. We illustrate our proposal through running…

Artificial Intelligence · Computer Science 2025-06-24 Paolo Baldi , Fabio Aurelio D'Asaro , Abeer Dyoub , Francesca Alessandra Lisi

Standard decision frameworks address uncertainty about facts but assume fixed options and values. We extend the Jeffrey-Bolker framework to model refinements in values and prove a value-of-information theorem for axiological refinement. In…

Artificial Intelligence · Computer Science 2026-04-15 Alex John London , Aydin Mohseni

We show that under mild assumptions, the total value of information to informed traders in the market can be measured by the covariance between price changes and order flow. This covariance captures noise trader losses, which equal informed…

General Finance · Quantitative Finance 2026-05-13 Ohad Kadan , Asaf Manela

The profusion of knowledge encoded in large language models (LLMs) and their ability to apply this knowledge zero-shot in a range of settings makes them promising candidates for use in decision-making. However, they are currently limited by…

Computation and Language · Computer Science 2026-05-08 Gabriel Freedman , Adam Dejl , Deniz Gorur , Xiang Yin , Antonio Rago , Francesca Toni

In this work we address the problem of argument search. The purpose of argument search is the distillation of pro and contra arguments for requested topics from large text corpora. In previous works, the usual approach is to use a standard…

Computation and Language · Computer Science 2019-08-27 Michael Fromm , Evgeniy Faerman , Thomas Seidl
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