Academic Journal
TIME VALUE OF PERFECT INFORMATION IN A TWO PERIOD CONSUMPTION CHOICE MODEL
| العنوان: | TIME VALUE OF PERFECT INFORMATION IN A TWO PERIOD CONSUMPTION CHOICE MODEL |
|---|---|
| المؤلفون: | Niyazi Onur Bakır |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | https://www.decisionsciences.org/Proceedings/DSI2008/docs/238-9760.pdf. |
| المجموعة: | CiteSeerX |
| الوصف: | This paper investigates the value of perfect information in a two period consumption model in which the decision maker has the option to play a lottery in the second period to increase initial wealth. The decision maker has the option to acquire perfect information before making a decision on the lottery. Using buying price approach, time value of perfect information is analyzed. We show that the decision maker is willing to pay more for early information. Besides, we show that information that is anticipated to be available in the future is valued more compared to the unanticipated information. Key Words: time value of perfect information, buying price approach |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.563.8754 |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.563.8754 |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.B801AF20 |
| قاعدة البيانات: | BASE |
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