Value of Information, The
- Author/s: Laxminarayan, Ramanan; Macauley, Molly K.
- Publisher: Springer
- ISBN: 9789400748385
- Format: Hardback
- Pages: 331 pages
- Publication date: 9 August 2012
- Dimensions: 155mm (Width), 235mm (Height), 23mm (Spine width)
- Weight: 660g
Growing interest in the value of information as a commodity has spawned this survey of current techniques for assessing the value of data in a multitude of contexts. In-depth case studies support analyses of approaches including econometric modeling.
The book examines applications in two disparate fields linked by the importance of valuing information: public health and space. Researchers in the health field have developed some of the most innovative methodologies for valuing information, used to help determine, for example, the value of diagnostics in informing patient treatment decisions. In the field of space, recent applications of value-of-information methods are critical for informing decisions on investment in satellites that collect data about air quality, fresh water supplies, climate and other natural and environmental resources affecting global health and quality of life.
Introduction 1. The Value of Information in Index Insurance for Farmers in Africa Commentary 2. The Value of Information in a Risk Management Approach to Climate Change Commentary 3. Understanding the Value of Business Information Commentary 4. Valuing the Potential Impacts of GEOSS: A Systems Dynamics Approach Commentary 5. The Informative Role of Advertising and Experience in Dynamic Brand Choice: An Application to the Ready-To-Eat Cereal Market Commentary 6. The Effect of Public and Private Quality Information on Consumer Choice in Health Care Markets Commentary 7. Adoption of Over-The-Counter Malaria Diagnostics in Africa: The Role of Subsidies, Beliefs, Externalities, and Competition Commentary 8. The Value of Determining Global Land Cover for Assessing Climate Change Mitigation Options Commentary 9. Space Imaging and Prevention of Infectious Disease: Rift Valley Fever Commentary 10. Estimating the Benefits of Land Imagery in Environmental Applications: A Case Study in Nonpoint Source Pollution of Groundwater Commentary Index Index