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  • Value of The Information

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    P. Akthar Sulthana
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    The value of information is difficult to assess as it depends on the person using the information, when they use it, and for what purpose. The value comes from how the information supports decision making. However, information is generally considered valuable if it is about an event that was unlikely to occur but now is known to have occurred, since it changes expectations. The value of information can be normative or subjective depending on how it is assessed.

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    The value of information is difficult to assess as it depends on the person using the information, when they use it, and for what purpose. The value comes from how the information supports decision making. However, information is generally considered valuable if it is about an event that was unlikely to occur but now is known to have occurred, since it changes expectations. The value of information can be normative or subjective depending on how it is assessed.

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    3 views3 pages

    Value of The Information

    Uploaded by

    P. Akthar Sulthana
    The value of information is difficult to assess as it depends on the person using the information, when they use it, and for what purpose. The value comes from how the information supports decision making. However, information is generally considered valuable if it is about an event that was unlikely to occur but now is known to have occurred, since it changes expectations. The value of information can be normative or subjective depending on how it is assessed.

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    © All Rights Reserved
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    Value of the information

    Value of Information
    The value of information is a very slippery concept as 
    information per se does not have any universal value.
    Its value is related to the person who uses it, when he
    uses it and for what he uses it. Any assessment of the
    value of information is therefore related to the value of
    the decision-making supported by such information.
                    However, the normal mathematical and
    economical explanation of value of information
    suggests that if an event occurs whose expectation was
    low and information of its occurrence is known then
    such information is valuable.
    Normative Value of Information
    Subjective Value of Information

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