Adding Decision Problem Makes Information More Valuable
Abstract
We consider decision-making under incomplete information about an unknown state of nature. We show that a decision problem yields a higher value of information than another, uniformly across information structures, if and only if it is obtained by adding an independent, parallel decision problem.
Fields of Study & Subjects
Game Theory and Applications
Decision-Making and Behavioral Economics
Capital Investment and Risk Analysis
Publication details
- Journal / source
- arXiv (Cornell University)
- Publication date
- 13 March 2026
- Language
- EN
- Document type
- Preprint