A quantitative Approach for modelling the influence of currency of Information on decision-making under uncertainty

URN to cite this document:: urn:nbn:de:bvb:355-epub-327116
DOI to cite this document:: 10.5283/epub.32711

Heinrich, Bernd ; Hristova, Diana

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Date of publication of this fulltext: 05 Nov 2015 14:02

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Abstract

Stored information, used to support decision-making, can be outdated. Existing metrics for currency provide an indication about the correspondence between this stored information and its real-world counterpart. In the case of low currency, this information cannot be effectively used to support decision-making, although the decision-maker can probably learn from it. Our first objective is to ...