Original paper
Quantifying Information and Uncertainty
Abstract
We examine ways to measure the amount of information generated by a piece of news and the amount of uncertainty implicit in a given belief. Say a measure of information is valid if it corresponds to the value of news in some decision problem. Say a measure of uncertainty is valid if it corresponds to expected utility loss from not knowing the state in some decision problem. We axiomatically characterize all valid measures of information and...
Paper Details
Title
Quantifying Information and Uncertainty
Published Date
Oct 1, 2019
Journal
Volume
109
Issue
10
Pages
3650 - 3680
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History