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Value of information

TagLast edit: 16 May 2021 13:06 UTC by EA Wiki assistant

The value of information is the extent to which additional information improves an agent’s decision. This depends on how likely that information is to change the agent’s decision and how much of an improvement that change would be. Value of information will usually be higher the less resilient the agent’s relevant credences currently are, because that will tend to mean new evidence is more likely to change the agent’s credences.

Bibliography

Askell, Amanda (2017) The moral value of information, Effective Altruism, June 4.

Muehlhauser, Luke (2013) Review of Douglas Hubbard, How to Measure Anything, LessWrong, August 7.

Wikipedia (2004) Value of information, Wikipedia, November 21 (updated 27 February 2021‎).

External links

Value of information tag in LessWrong Wiki.

Related entries

alternatives to expected value theory | credence | forecasting | model uncertainty

The Mo­ral Value of In­for­ma­tion—ed­ited transcript

velutvulpes2 Jul 2020 21:02 UTC
17 points
3 comments12 min readEA link

Amanda Askell: The moral value of information

EA Global2 Jun 2017 8:48 UTC
6 points
0 comments13 min readEA link
(www.youtube.com)

Op­tion Value, an In­tro­duc­tory Guide

Lev_Maresca21 Feb 2020 14:45 UTC
29 points
3 comments6 min readEA link

Po­ten­tial down­sides of us­ing ex­plicit probabilities

MichaelA20 Jan 2020 2:14 UTC
33 points
20 comments18 min readEA link

Mak­ing de­ci­sions un­der moral uncertainty

MichaelA1 Jan 2020 13:02 UTC
41 points
8 comments17 min readEA link

EA should in­vest more in exploration

Michael_PJ5 Feb 2017 17:11 UTC
23 points
28 commentsEA link

When To Find More In­for­ma­tion: A Short Explanation

Davidmanheim28 Dec 2019 18:00 UTC
67 points
11 comments2 min readEA link