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- W4925977 abstract "This paper challenges recent results on the fragility of the value of commitment. It introduces a specific notion of the i?½value of informationi?½ for a later-moving player about the action choice of a previously-moving player, gives conditions under which this value is positive and shows that a positive value of information for the latermoving player is sufficient for a positive value of commitment for the previouslymoving player. It then argues that the value of information for a later-moving player is unlikely to vanish in real-world applications, implying that the value of commitment for the previously-moving player does not vanish either." @default.
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- W4925977 date "2014-02-01" @default.
- W4925977 modified "2023-09-23" @default.
- W4925977 title "How the value of information shapes the value of commitment or why the value of commitment does not vanish" @default.
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