From the Editor

L. Robin Keller ()
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L. Robin Keller: Operations and Decision Technologies, The Paul Merage School of Business, University of California, Irvine, Irvine, California 92697-3125

Decision Analysis, 2008, vol. 5, issue 3, 113-115

Abstract: All of the papers in this issue focus on the value of obtaining information about uncertainties. We begin with an article by J. Eric Bickel on “The Relationship Between Perfect and Imperfect Information in a Two-Action Risk-Sensitive Problem.” Next, is an article by Philippe Delquié on “The Value of Information and Intensity of Preference.” Our third article, which uses an example of an oilfield decision to demonstrate an approach to “Valuing Future Information Under Uncertainty Using Polynomial Chaos,” is by Michael Prange, William J. Bailey, Benoit Couët, Hugues Djikpesse, Margaret Armstrong, Alain Galli, and David Wilkinson. In the final article, Thomas Eppel and Detlof von Winterfeldt describe the calculation of value of information about the contents of waste storage tanks in “Value-of-Information Analysis For Nuclear Waste Storage Tanks.” Since information is the topic of this issue, our trivia question is about the late Jacob Marschak, from whom I learned about the economics of information and about clarity of thought.

Keywords: decision analysis; applications; energy; decision trees; expected utility; intensity of preference; Monte Carlo simulation; polynomial chaos; probability; uncertainty; value of information; two-action problem; editorial (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ordeca:v:5:y:2008:i:3:p:113-115

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