The Value of Information

Surveys state-of-the-art methodology, investigating how information is valued across multiple spectrumsPresents in-depth case examples which range from assessing the value of rapid diagnosis tests in preventing unnecessary use of anti-malarial drugs to the valuation of information associated with climate change catastropheIllustrates five methodological approaches to valuation: Price- and cost-based derivation; Bayesian belief network; Regulatory cost-effectiveness; Econometric modeling and estimation; and Simulation modeling and estimation

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The Value of Information Ramanan Laxminarayan, Molly K. Macauley

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