Lindstädt, Hagen - In: Theory and Decision 62 (2007) 4, pp. 335-353
Sometimes we believe that others receive harmful information. However, Marschak’s value of information framework … always assigns non-negative value under expected utility: it starts from the decision maker’s beliefs – and one can never … a cross-individual, imperfect expectations perspective for agents maximising expected utility. We define the cross-value …