Adding Decision Problem Makes Information More Valuable

Michel de Lara ()
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Michel de Lara: ENPC - École nationale des ponts et chaussées - IP Paris - Institut Polytechnique de Paris

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Abstract: We consider decision-making under incomplete information about an unknown state of nature. We show that a decision problem yields a higher value of information than another, uniformly across information structures, if and only if it is obtained by adding an independent, parallel decision problem.

Keywords: value of information; information more valuable; separable additive utility; value of information information more valuable separable additive utility (search for similar items in EconPapers)
Date: 2026-03-12
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