On the role of information in decision making uri icon

abstract

  • This paper investigates the role of temporal uncertainty and information issues in economic decisions. It shows that the nature of the economic environment (e.g., the production technology) can influence the valuation of information, which in turn affects the choice functions. This is illustrated by an empirical application to sorghum yield response analysis in Burkina Faso. The paper stresses the importance of technology and information valuation in risk behaviour

publication date

  • 1991