An Economic Model of Ranked Information and "Big Picture"

Taiji Harashima

MPRA Paper from University Library of Munich, Germany

Abstract: Understanding the "big picture" is crucial for success in business, but why? In this paper, I develop an economic model of understanding the "big picture" based on the concept of "ranked information." With the model, I demonstrate that an expanded "informational field of view" allows for more accurate ranking and selection of crucial information, thereby increasing the probability of achieving objectives and enhancing productivity. Conversely, a narrower focus can potentially lead to more frequent errors in business dealings, resulting in significant economic inequality. Furthermore, I show that providing education to a large segment of the population can enhance an economy's productivity by widening individuals' informational fields of view.

Keywords: Big picture; Economic rents; Education; Field of view; Productivity; Ranked information (search for similar items in EconPapers)
JEL-codes: D24 D80 I26 (search for similar items in EconPapers)
Date: 2026-05-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/128862/1/MPRA_paper_128862.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:128862

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().