The Value of Information in Strictly Competitive Situations

Ponssard, J.-P. (1974) The Value of Information in Strictly Competitive Situations. IIASA Research Memorandum. IIASA, Laxenburg, Austria, RM-74-011

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Abstract

In this paper a game theoretic model is used to extend information value theory, as developed in decision analysis, to competitive situations. One of the main differences between competitive and noncompetitive situations is that part of the environment (namely the competitors) may be modified as a result of experimentation in another part of the environment (nature). Hence, states of the world and actions may no more be independent. Nevertheless, we shall show how the classical concept may be generalized to cover strictly competitive situations.

Item Type: Monograph (IIASA Research Memorandum)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:41
Last Modified: 25 Oct 2016 19:34
URI: http://pure.iiasa.ac.at/193

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