Showing papers on "Business value published in 1984"
TL;DR: In this article, the authors discuss three issues concerning the three papers presented: the cost of information, theoretical purity versus empirical tractability, and the market or social value of information.
Abstract: There are three issues I wish to discuss concerning the three papers presented. They are the cost of information, theoretical purity versus empirical tractability, and the market or social value of information. The cost of information in most of the literature surrounding the value of information is assumed to be zero. This assumption can be a problem at both the individual decision maker level and at the market level. At the individual
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