Information and $$\sigma $$ -algebras

B-Tier
Journal: Economic Theory
Year: 2013
Volume: 54
Issue: 2
Pages: 405-418

Authors (2)

Carlos Hervés-Beloso (not in RePEc) Paulo Monteiro (Fundação Getúlio Vargas (FGV))

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this work, we clarify the relationship between the information that an agent receives from a signal, from an experiment or from his own ability to determine the true state of nature that occurs and the information that an agent receives from a $$\sigma $$ -algebra. We show that, for countably generated $$\sigma $$ -algebras, the larger it is, the larger the information is. The same is true for general $$\sigma $$ -algebras after the removal of a negligible set of states. Copyright Springer-Verlag Berlin Heidelberg 2013

Technical Details

RePEc Handle
repec:spr:joecth:v:54:y:2013:i:2:p:405-418
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25