Arbeitspapier
The appeal of information transactions
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent's preferences for information. The index of information transactions has a simple analytic characterization in terms of the relative entropy from priors to posteriors, and it also connects naturally with a recent index of riskiness.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2012-13
- Classification
-
Wirtschaft
Mathematical and Quantitative Methods: General
Index Numbers and Aggregation; Leading indicators
Microeconomics: General
Information, Knowledge, and Uncertainty: General
Criteria for Decision-Making under Risk and Uncertainty
Financial Economics: General
Portfolio Choice; Investment Decisions
- Subject
-
informativeness
information transactions
Kullback-Leibler divergence
relative entropy
decision under uncertainty
investment
Blackwell ordering
- Event
-
Geistige Schöpfung
- (who)
-
Cabrales, Antonio
Gossner, Olivier
Serrano, Roberto
- Event
-
Veröffentlichung
- (who)
-
Brown University, Department of Economics
- (where)
-
Providence, RI
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Cabrales, Antonio
- Gossner, Olivier
- Serrano, Roberto
- Brown University, Department of Economics
Time of origin
- 2012
Other Objects (12)
The Appeal of Risky Assets
Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information
Testing enforcement strategies in the field : legal threat, moral appeal and social information
Testing enforcement strategies in the field: legal threat, moral appeal and social information
Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information
Tipping the scales: Conciliation, appeal and the relevance of judicial ambition
Repeated trade with imperfect information about previous transactions
The institutional determinants of political transactions
Financial transactions taxes
Decomposing firm-product appeal: How important is consumer taste?
The ECU as the future currency of financial transactions
Ready to leave the ivory tower? Academic scientists' appeal to work in the private sector
The Appeal of Risky Assets
Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information
Testing enforcement strategies in the field : legal threat, moral appeal and social information
Testing enforcement strategies in the field: legal threat, moral appeal and social information
Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information
Tipping the scales: Conciliation, appeal and the relevance of judicial ambition
Repeated trade with imperfect information about previous transactions
The institutional determinants of political transactions
Financial transactions taxes
Decomposing firm-product appeal: How important is consumer taste?
The ECU as the future currency of financial transactions
Ready to leave the ivory tower? Academic scientists' appeal to work in the private sector
The Appeal of Risky Assets
Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information
Testing enforcement strategies in the field : legal threat, moral appeal and social information
Testing enforcement strategies in the field: legal threat, moral appeal and social information
Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information
Tipping the scales: Conciliation, appeal and the relevance of judicial ambition
Repeated trade with imperfect information about previous transactions
The institutional determinants of political transactions
Financial transactions taxes
Decomposing firm-product appeal: How important is consumer taste?
The ECU as the future currency of financial transactions