Galanis, Spyros - In: Journal of Economic Theory 157 (2015) C, pp. 384-396
The value of information is examined in a single-agent environment with unawareness. Although the agent has a correct … prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may … negative, contrasting what is true in the standard model with partitional information and no unawareness. We show that the …