A Bayesian Model of Demand for Information about Product Quality

DOI10.2307/2526092zbMath0291.90009OpenAlexW2094178001MaRDI QIDQ4042789

Richard Kihlstrom

Publication date: 1974

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526092

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Bayesian inference (62F15) Utility theory (91B16)

Related Items (9)

The design of Bayesian generalized likelihood ratio control chart for monitoring the normal process mean ⋮ Investment in information acquisition ⋮ Better may be worse: Some monotonicity results and paradoxes in discrete choice under uncertainty ⋮ The demand for information: More heat than light ⋮ Theory absorption and the testability of economic theory ⋮ A note on demand for information: The OCE preferences case ⋮ Optimal information acquisition for a linear quadratic control problem ⋮ A latent structure double hurdle regression model for exploring heterogeneity in consumer search patterns. ⋮ Another look at the Radner--Stiglitz nonconcavity in the value of information.

Cites Work

• Economic Comparability of Information Systems
• Equivalent Comparisons of Experiments
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