Good News and Bad News: Representation Theorems and Applications
- 1 January 1981
- journal article
- Published by JSTOR in The Bell Journal of Economics
- Vol. 12 (2) , 380
- https://doi.org/10.2307/3003562
Abstract
This is an article about modeling methods in information economics. A notion of "favorableness" of news is introduced, characterized, and applied to f...All Related Versions
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