Excerpt from Towards a Behaviorally-Grounded Theory of Information Value
Two distinct schools. One in economics and another in statistics, have been concerned with the value of information for more than twenty-five years.[2u] Information economics and statistical decision analysis have produced a series of Similar models that value information in the context of several restrictive assumptions about the behavior, ability.
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Paperback. Condition: NEW. Print on Demand. This book explores the concept of information value and how it can be quantified. The author argues that traditional economic models of information value do not accurately reflect how managers use information and make decisions. Instead, the author proposes a behaviorally-grounded theory of information value that takes into account the cognitive and psychological factors that influence how managers process and utilize information. The book discusses a range of topics, including the decision-making process, human judgment under uncertainty, and the choice of actions. It also examines how managers resolve multiple, potentially conflicting signals and make decisions over time. By integrating insights from psychology, economics, and other disciplines, this book provides a more nuanced and realistic understanding of how managers derive value from information and make better decisions as a result. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781334084140_0
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PAP. Condition: NEW. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781334084140
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PAP. Condition: NEW. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781334084140
Quantity: 15 available