The Law of Large Demand for Information

An unresolved problem in Bayesian decision theory is how to value and price information. This paper resolves both problems assuming inexpensive information. Building on Large Deviation Theory, we produce a generically complete asymptotic order on samples of i.i.d. signals in finite-state, finite-act...

Full description

Saved in:
Bibliographic details
Volume: 70
Main Author: Moscarini, G
Smith, L
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: OXFORD Econometric Society 01.11.2002
BLACKWELL PUBL LTD
Blackwell
Wiley Subscription Services, Inc
published in: Econometrica Vol. 70; no. 6; pp. 2351 - 2366
Data of publication: 20021101
ISSN: 0012-9682
1468-0262
EISSN: 1468-0262
Discipline: Economics
Mathematics
Applied Sciences
Statistics
Subjects:
Online Access: Fulltext
CODEN: ECMTA7
Database: Web of Knowledge
Science Citation Index Expanded
Social Sciences Citation Index
Web of Science
Web of Science - Science Citation Index Expanded - 2002
Web of Science - Social Sciences Citation Index - 2002
Pascal-Francis
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS