Entropy and the value of information for investors: The prior-free implications

Ran I. Shorrer

doi:10.1016/j.econlet.2018.01.001

Entropy and the value of information for investors: The prior-free implications

Ran I. Shorrer

Economics

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

The partial order of prior-independent investment dominance (Cabrales et al., 2013) strictly extends Blackwell's order over information structures. I provide a complete characterization for the case of two states and two signals.

Original language	English (US)
Pages (from-to)	62-64
Number of pages	3
Journal	Economics Letters
Volume	164
DOIs	https://doi.org/10.1016/j.econlet.2018.01.001
State	Published - Mar 2018

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1016/j.econlet.2018.01.001

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abstract = "The partial order of prior-independent investment dominance (Cabrales et al., 2013) strictly extends Blackwell's order over information structures. I provide a complete characterization for the case of two states and two signals.",

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year = "2018",

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VL - 164

SP - 62

EP - 64

JO - Economics Letters

JF - Economics Letters

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Entropy and the value of information for investors: The prior-free implications

Abstract

All Science Journal Classification (ASJC) codes

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