A note on equivalent comparisons of information channels

Luís Barbosa () and Gil Riella

Theory and Decision, 2015, vol. 78, issue 1, 33-44

Abstract: Nakata (Theory Decis 71:559–574, 2011 ) presents a model of acquisition of information where the agent does not know what pieces of information she is missing. In this note, we point out some technical problems in a few of Nakata’s results and show how to correct them. Copyright Springer Science+Business Media New York 2015

Keywords: Information channels; Preferences over menus; Weak expected utility representation; Ordinal expected utility representation; Additive expected utility representation (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s11238-013-9399-7

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