EconPapers    
Economics at your fingertips  
 

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

Ran I. Shorrer

Economics Letters, 2018, vol. 164, issue C, 62-64

Abstract: 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.

Keywords: Informativeness; Information structures; Entropy; Decision under uncertainty; Investment; Blackwell ordering (search for similar items in EconPapers)
JEL-codes: C43 D14 D81 D83 G11 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176518300016
Full text for ScienceDirect subscribers only

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:eee:ecolet:v:164:y:2018:i:c:p:62-64

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-05-10
Handle: RePEc:eee:ecolet:v:164:y:2018:i:c:p:62-64