Value of information in Bayesian environments
Conference paper
Behringer, S. and Belavkin, R.V. 2026. Value of information in Bayesian environments. Moosaei, H., Belavkin, R. and Pardalos, P.M. (ed.) 8th International Conference on the Dynamics of Information Systems. London, UK 01 - 05 Jun 2025 Springer. pp. 16-24 https://doi.org/10.1007/978-3-032-16469-8_2
| Type | Conference paper |
|---|---|
| Title | Value of information in Bayesian environments |
| Authors | Behringer, S. and Belavkin, R.V. |
| Abstract | The Value of Information (VoI) framework, developed by Ruslan Stratonovich, bridges Claude Shannon’s information theory with economics, particularly utility and decision theory. This paper revisits the VoI concept in the Boolean utility setting of hypothesis testing and then extends the discrete Bayesian VoI framework to more general decision contexts with arbitrary utility matrices. We also provide a method to compute a robust VoI estimate that is independent of input distributions. |
| Sustainable Development Goals | 7 Affordable and clean energy |
| Middlesex University Theme | Sustainability |
| Research Group | Artificial Intelligence group |
| Conference | 8th International Conference on the Dynamics of Information Systems |
| Page range | 16-24 |
| Proceedings Title | Dynamics of Information Systems: 8th International Conference, DIS 2025, London, UK, June 1–5, 2025, Revised Selected Papers |
| Series | Lecture Notes in Computer Science |
| Editors | Moosaei, H., Belavkin, R. and Pardalos, P.M. |
| ISSN | 0302-9743 |
| Electronic | 1611-3349 |
| ISBN | |
| Paperback | 9783032164681 |
| Electronic | 9783032164698 |
| Publisher | Springer |
| Publication dates | |
| Online | 17 Feb 2026 |
| Publication process dates | |
| Accepted | 01 Aug 2025 |
| Deposited | 13 May 2026 |
| Output status | Published |
| Digital Object Identifier (DOI) | https://doi.org/10.1007/978-3-032-16469-8_2 |
| Web address (URL) of conference proceedings | https://doi.org/10.1007/978-3-032-16469-8 |
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