The value of information with neo-additive beliefs

Pascal Toquebeuf

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Abstract: When individual beliefs are not Bayesian, economic agents may refuse further information about the uncertainty they are facing. Choquet decision makers in particular may be information averse. This note shows that, if the capacity is neo-additive, then the information value is necessarily positive.

Keywords: ambiguity; information value; choquet; capacity; neo-additive belief (search for similar items in EconPapers)
Date: 2013
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Published in Economics Bulletin, 2013, 33 (3), pp.2402-2406

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Journal Article: The value of information with neo-additive beliefs (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01123000

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