Information gathering and valuation

Hassan Qudrat-Ullah ()

Chapter 3 in Understanding Advanced Decision Making, 2025, pp 57-86 from Edward Elgar Publishing

Abstract: The chapter comprehensively explores the multifaceted domain of information valuation, unraveling critical factors, methodologies, and real-world applications. Drawing insights from influential works, the discussion elucidates the paramount role of relevance, scarcity, utility, and demand in shaping the perceived value of information. Diverse valuation methods, including cost–benefit analysis, data valuation models, and information theory, are dissected, providing decision makers with nuanced tools to assess and prioritize information assets. Through concrete examples in financial decision making, the tech industry, and cybersecurity, the chapter showcases the practical implementation of valuation practices. The dynamic interplay of these factors and methods in decision-making scenarios underscores the intricate nature of information valuation. The insights generated pave the way for informed choices regarding resource allocation, risk management, and strategic positioning. As the chapter concludes, implications, limitations, and avenues for future research are discussed, offering a seamless transition to the next segment of the study.

Keywords: Information valuation; Relevance; Scarcity; Utility; Cost–benefit analysis; Data valuation models (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035346233
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