A test of information aversion
The standard Bayesian model implies that information can never have a negative value. We put this implication to the proof. Our paper provides the first test of the value (positive or negative) of information under uncertainty. We show that the "Bayesian implication" stands in conflict wit...
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| Main Authors: | , |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Heidelberg
University of Heidelberg, Department of Economics
April 2020
|
| Series: | Discussion paper series / University of Heidelberg, Department of Economics
no. 682 |
| In: |
Discussion paper series (no. 682)
|
| DOI: | 10.11588/heidok.00028244 |
| Subjects: | |
| Online Access: | Verlag, kostenfrei: http://archiv.ub.uni-heidelberg.de/volltextserver/28244/7/Kops_2020_dp682.pdf Resolving-System, kostenfrei: https://doi.org/10.11588/heidok.00028244 Resolving-System, kostenfrei: http://hdl.handle.net/10419/235005 Resolving-System, kostenfrei, Volltext: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-282444 
|
| Author Notes: | Christopher Kops and Illia Pasichnichenko |
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