
The Value Of Information
An analysis in Game Theory
Zhe Wang(Author)
LAP Lambert Academic Publishing
Published on 28. February 2013
Book
Paperback/Softback
52 pages
978-3-659-32900-5 (ISBN)
Description
Information acquisition and information asymmetry are important issues in decision-making as they may have a vital influence on the decision makers' payoffs in the market or other economic situations. The value of information is the main interest in this book. In the first part of this book, the value of information in single-player decision-making games is studied with the proof of Blackwell's Theorem. In the second part, it is extended to a dynamic game of incomplete information involving two players to investigate the conditions for the value of information being positive to the receiver by comparing his expected utility before and after acquiring the information. A signaling game is selected as an example.
More details
Language
English
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 220 mm
Width: 150 mm
Thickness: 4 mm
Weight
96 gr
ISBN-13
978-3-659-32900-5 (9783659329005)
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Schweitzer Classification
Person
I am currently a PhD candidate in Department of Economics, Faculty of Arts and Social Science, National University of Singapore(NUS). I graduated from NUS with Double Honours Degree in Industrial & Systems Engineering and Economics. My research interests are Game Theory and Information Economics.