RT Generic
T1 The Appeal of Information Transactions
A1 Cabrales, Antonio
A1 Gossner, Olivier
A1 Serrano, Roberto
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB 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.
SN 2340-5031
YR 2012
FD 2012-09
LK https://hdl.handle.net/10016/15388
UL https://hdl.handle.net/10016/15388
LA eng
DS e-Archivo
RD 20 may. 2024