Value of Information Lotteries

By R. Howard. 1967

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Variational Bayesian Reinforcement Learning with Regret Bounds (2018, background): “The choice of the exponential utility may seem arbitrary, but in fact it is the unique utility function that has the property that the certainty equivalent value of the sum of two independent random variables is equal to the sum of their certainty equivalent values [1, 44, 20, 46].”
Toward Normative Expert Systems: Part I The Pathfinder Project (1992, unknown): “Howard discusses the general case [28, 29].”
Reasoning about beliefs and actions under computational resource constraints (1987, background): “John Breese, Greg Cooper, Bruce Buchanan, David Heckerman, Ronald Howard, Nils Nilsson, Edward Shortliie, and Patrick Suppes have provided useful feedback on this research.”
Invariant Utility Functions and Certain Equivalent Transformations (2007, methodology): “Decision Analysis 4(1):17-31. http:// dx.doi.org/10.1287/deca.1060.0083 Full terms and conditions of use: http://pubsonline.informs.org/page/terms-and-conditions This article may be used only for the purposes of research, teaching, and/or private study.”