Re: ?Value of information without utilities?

Kathryn Blackmond Laskey (klaskey@gmu.edu)
Mon, 24 May 1999 12:51:41 -0400

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>The other obvious answer is entropy, and its relative, the cross-entropy
>between two random variables. The introductory probability text by Ross
>(Prentice-Hall 1998) has a nice discussion of entropy and Shannon
>information. My favorite discussion of entropy and cross-entropy is in
>Bernardo and Smith, *Bayesian Theory* (Wiley 1994). However, it turns out
>these are value-related.

I find it hard to envision a notion of value of information that is not
somehow value related. I'd be interested in anyone who thinks he/she can.

Kathy Laskey

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