The value of information-An axiomatic approach

  • Gilboa I
  • Lehrer E
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Abstract

Characterizes those real-valued functions on the set of partitions that may be the information function value of some Bayesian decision maker. Close relationship to cooperative game theory; Development of tools for characterization. Characterizes those real-valued functions on the set of partitions that may be the information function value of some Bayesian decision maker. Close relationship to cooperative game theory; Development of tools for characterization.

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Authors

  • Itzhak Gilboa

  • Ehud Lehrer

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