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math.OC2026
Adding Decision Problem Makes Information More Valuable
Michel de Lara
We consider decision-making under incomplete information about an unknown state of nature. We show that a decision problem yields a higher value of information than another, unifor…
math.OC2025
Increasing Value of Information Implies Separable Utility
Michel de Lara
We consider decision-making under incomplete information about an unknown state of nature. Utility acts (that is, utility vectors indexed by states of nature) and beliefs (probabil…