About this document
Measuring Information and Uncertainty by Guido Benedetti is a document available to read on EtoBox.
This document summarizes a paper that examines ways to measure the amount of information contained in a piece of news and the amount of uncertainty implicit in a given belief. The authors characterize all valid measures of information and uncertainty, where a measure is valid if it corresponds to the value of news or expected utility loss in some decision problem. They show that valid measures of information and uncertainty are coupled such that the expected reduction in uncertainty equals the expected amou
- Author
- Guido Benedetti
- Language
- EN