The technological developments in the areas of information and communicationtechnology have generated worldwide business opportunities for firms which carry out coordinationtasks as a service for other enterprises. To begin with, several implications of this development for the fundamental...

Sometimes we believe that others receive harmful information.However, Marschak’s value of information framework alwaysassigns non-negative value under expected utility: it starts from the decisionmaker’s beliefs – and one can never anticipate information’s harmfulnessfor oneself. The...

In the context of decision making under risk, additional information can be seen as a resource for the improvement of decision quality. The value of this improved quality is usually measured using Marschak´s concept of the value of information. From this point of view, human information...

The productivity of (human) information processing as an economicactivity is a question raising some interest. Using Marschak’s evaluationframework, Radner and Stiglitz have shown that under certainconditions the production function of this activity has increasing marginalreturns in the...

Der Beitrag klassifiziert zunächst die für personales Verhalten bedeutsamen Beschränkungen der menschlichen Informationsverarbeitungskapazität in vier Katego-rien und charakterisiert die mengenmäßige Informationsüberlastung als diejenige Kategorie, bei der die mengenmäßige Kapazität...