论文标题

使信息更有价值

Making Information More Valuable

论文作者

Whitmeyer, Mark

论文摘要

我们研究代理商决策问题的变化会增加她的信息价值。我们证明,只有当代理商在信念中减少形式的回报变得更加凸出时,信息就会变得更加有价值。当转换对应于添加一个动作时,当且仅当一个简单的几何条件保持时,凸度的必要增加就会发生,而这是自然而然地延伸到多个动作的。我们将这些发现应用于两种情况:一个垄断筛查问题,其中善是信息和委派与信息获取的委托。

We study what changes to an agent's decision problem increase her value for information. We prove that information becomes more valuable if and only if the agent's reduced-form payoff in her belief becomes more convex. When the transformation corresponds to the addition of an action, the requisite increase in convexity occurs if and only if a simple geometric condition holds, which extends in a natural way to the addition of multiple actions. We apply these findings to two scenarios: a monopolistic screening problem in which the good is information and delegation with information acquisition.

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