Amos Golan (American University)
Abstract: Is the value of information always relative? Or is it possible to construct an intrinsic (objective/absolute) value of information? In this talk (work in progress) I will discuss some of the issues related to the value of information. For this talk, I will take the notions of "intrinsic value." "absolute value," and "objective value" to be exactly the same. There are at least two ways to construct such a measure. The first is that such an intrinsic (absolute) notion of information is based on the information's intrinsic value; it is free of the observer, the agent or any other reference set. The second is to construct the absolute value of information based on subjective preferences.
Key Words: Information, Intrinsic/Absolute value, Relative value, Value of information