I find it hard to envision a notion of value of information that is not
somehow value related. I'd be interested in anyone who thinks he/she can.
Kathy Laskey
Kathy
The pertinent result here is a 1954 theorem by
Blackwell and Girschick (?), saying:
Information source A is consistently more valuable
than B, across all utilities and prior probabilisties,
if and only if B is a stochastic mixture of A.
(i.e., there is a stochastic matrix M, such that B = MA)
=======Judea
- ?Value of information without utilities? Marek J. Druzdzel
- Re: ?Value of information without utilities? Finn V. Jensen
- Re: ?Value of information without utilities? Gordon Hazen
- Re: ?Value of information without utilities? Kathryn Blackmond Laskey
- Re: ?Value of information without utilit... Russell Almond
- Re: ?Value of information without utilities? Judea Pearl
- Re: ?Value of information without utilities? Bob Welch
- Re: ?Value of information without utilities? Dr. Lian Wen Zhang
- Re: ?Value of information without utilit... Peter Szolovits
- Re: ?Value of information without utilities? Bob Welch
- Re: ?Value of information without utilities? Bob Welch
- Re: ?Value of information without utilit... Rina Dechter
- Re: ?Value of information without utilit... Marco Valtorta
