All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Pascal Toquebeuf
''The value of information with neo-additive beliefs''
( 2013, Vol. 33 No.3 )
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
JEL: D8 - Information, Knowledge, and Uncertainty: General
Manuscript Received : Jul 24 2013 Manuscript Accepted : Sep 17 2013

  This abstract has been downloaded 1586 times                The Full PDF of this paper has been downloaded 154299 times