Abstract
Information is central to all applied studies in economics and other sciences. It has many facets. As empirical data it provides the basis for testing an economic model or theory. It is also intimately connected with decision making under conditions of risk and uncertainty. Hence the choice of optimal policy under an uncertain environment depends on the type of information structures e.g., is it partial or total, incomplete or complete and imprecise or precise?
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© 1993 Springer Science+Business Media Dordrecht
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Sengupta, J.K. (1993). Introduction to Information. In: Econometrics of Information and Efficiency. Theory and Decision Library, vol 25. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-8202-5_1
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DOI: https://doi.org/10.1007/978-94-015-8202-5_1
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-4288-0
Online ISBN: 978-94-015-8202-5
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