Estimating the Returns to Information: A Gaming Approach

David Debertin (), Gerald A. Harrison, Robert J. Rades and Lawrence P. Bohl

American Journal of Agricultural Economics, 1975, vol. 57, issue 2, 316-321

Abstract: A management game incorporating key decisions in corn and soybean production was constructed. Participants in an experiment were asked to play the game by making a series of decisions. Some of the participants in the experiment were denied access to research information and/or feedback from the previous decision. Results of the experiment indicated a significant positive return to both information and learning from feedback.

Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:57:y:1975:i:2:p:316-321.

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