2010 Fiscal Year Final Research Report
Analysis of information demand and the value of information with ambiguous information quality
| Project/Area Number |
21730161
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Okayama University |
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Principal Investigator |
HIGASHI Youichirou Okayama University, 大学院・社会文化科学研究科, 准教授 (80327692)
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| Project Period (FY) |
2009 – 2010
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| Keywords | シグナル / 曖昧さ / 情報の需要 / 情報の価値 |
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| Research Abstract |
When an agent doesn't observe the parameter of a decision problem, she observes a signal correlated with the parameter and chooses the optimal action. The agent does not necessarily have the whole knowledge of how the signal is related with the parameter. This means that the information quality of the signal is ambiguous. In this research, I analyze how precise signal the agent obtains, called information demand, and the value of information when the information quality of the signal is ambiguous.
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