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The value of information is examined in a single-agent environment with unawareness. Although the agent has a correct prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may lead him to commit information processing errors and to...
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Following the development of knowledge economies, there has been a rapid expansion of economic analysis of knowledge …, both in the context of technological knowledge in particular and the decision theory in general. This paper surveys this … of knowledge related questions in terms of applicability and alternative approaches has led to the fragmentation of …
Persistent link: https://www.econbiz.de/10010878272
We investigate if there is a causal link between education and health knowledge using data from the 1984/85 and 1991 … of health knowledge. For causal identification we use increases in the UK minimum school leaving age in 1947 (from 14 to … education significantly increases health knowledge, with a one-year increase in schooling increasing the health knowledge index …
Persistent link: https://www.econbiz.de/10011126452
We investigate if there is a causal link between education and health knowledge using data from the 1984/85 and 1991 … of health knowledge. For causal identification we use increases in the UK minimum school leaving age in 1947 (from 14 to … education significantly increases health knowledge, with a one-year increase in schooling increasing the health knowledge index …
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