The value of information with neo-additive beliefs

Pascal Toquebeuf

Economics Bulletin, 2013, vol. 33, issue 3, 2402-2406

Abstract: When individual beliefs are not Bayesian, economic agents may refuse further information about the uncertainty they are facing. Choquet decision makers in particular may be information averse. This note shows that, if the capacity is neo-additive, then the information value is necessarily positive.

Keywords: Ambiguity; Information value; Choquet; Capacity; Neo-additive (search for similar items in EconPapers)
JEL-codes: D8 (search for similar items in EconPapers)
Date: 2013-09-17
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2013/Volume33/EB-13-V33-I3-P224.pdf (application/pdf)

Related works:
Working Paper: The value of information with neo-additive beliefs (2013)
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:ebl:ecbull:eb-13-00509

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().