The Economic Value of Information

the long version

"This is a book about the evaluation and choice of information sources by individuals and the design and management of information systems by organizations. The book studies the determinants of the value and cost of information, both to the individual and to the organization, provides techniques for the assessment of the value of information and the comparison of informativeness among alternative sources, and presents principles for the optimal design and management of information systems. These topics are unified by the thesis that both information sources and information systems are valuable to the extent they contribute to better decision making. Researchers and graduate students in economics, operations research, management information systems, and information science will find this book useful."--BOOK JACKET.