Entropy and the value of information for investors: The prior-free implications

被引：2
|
作者：
Shorrer, Ran I. [1 ]
机构：
[1] Penn State, Dept Econ, 407 Kern Grad Bldg, University Pk, PA 16802 USA
来源：
ECONOMICS LETTERS | 2018年 / 164卷
关键词：
Informativeness; Information structures; Entropy; Decision under uncertainty; Investment; Blackwell ordering;
D O I：
10.1016/j.econlet.2018.01.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The partial order of prior-independent investment dominance (Cabrales et al., 2013) strictly extends Blackwell's order over information structures. I provide a complete characterization for the case of two states and two signals. (C) 2018 Elsevier B.V. All rights reserved.
引用
收藏
页码：62 / 64
页数：3
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