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This chapter introduces information procurement decisions. In such decisions, the actor must choose whether to decide based on the available information or to obtain additional information. First, it is shown that an information procurement problem is overlaying another decision problem and that information procurement decisions are therefore meta-decisions. Then, the analytical approach of Bayes for deciding on additional information is introduced. The chapter concludes with a heuristic approach for deciding on additional information.

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Information Procurement Decisions

  • 章节

  • 发表日期：

    2025年

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  • Rudolf Grünig,
  • Richard Kühn

摘要

This chapter introduces information procurement decisions. In such decisions, the actor must choose whether to decide based on the available information or to obtain additional information. First, it is shown that an information procurement problem is overlaying another decision problem and that information procurement decisions are therefore meta-decisions. Then, the analytical approach of Bayes for deciding on additional information is introduced. The chapter concludes with a heuristic approach for deciding on additional information.