1. The quantification and analysis of information used in decision processes
- Author
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Bruce J. Whittemore and Marshall C. Yovits
- Subjects
Information Systems and Management ,Computer science ,Management science ,Information quality ,Information needs ,Information theory ,Information mapping ,Information science ,Computer Science Applications ,Theoretical Computer Science ,Artificial Intelligence ,Control and Systems Engineering ,Theory of Motivated Information Management ,Information flow (information theory) ,Decision model ,Software ,Information integration - Abstract
If information science is to be considered a “science” in the true sense of the word, there is a clear need for the development of a set of general concepts and analytical expressions regarding the flow of information in any situation for which information serves as a resource. This paper discusses quantitative aspects of a theory leading to the development of such a pragmatic information theory . At the heart of a theory of pragmatic information is the measure of information contained in a set of data. At the pragmatic level, information has value to the extent that it is useful as a resource for purposeful activity. The primary “purposeful activity” in life is decision-making. Hence, information and decision-making are inextricably tied together; in fact, information is data of value in decision-making . In this paper, we discuss quantitatively a very general decision model which provides a formal and comprehensive representation of uncertainty in decision-making. Other decision models presented in the literature assume away a considerable and important portion of the uncertainty that exists in decision-making. This model is then used as a framework for examining the role of information in decision-making in a way that is also formal and comprehensive. Hence, the decision model suggested facilitates a meaningful analysis of information; this analysis culminates in the development of a measure of the value of the pragmatic information contained in a set of data.
- Published
- 1974