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MacAuley, Molly K.. |
This study, prepared at the request of the Office of Earth Science at the U.S. National Aeronautics and Space Administration (NASA), describes a general framework for conceptualizing the value of information and illustrates how the framework might be used to value information from earth science data collected from space. The framework serves two purposes. One purpose is provision of a common basis by which to conduct and evaluate studies of the value of earth science information that serves a variety of uses, from improving environmental quality to protecting public health and safety. The second purpose is to better inform decision-makers about the value of data and information. Decision-makers comprise three communities: consumers and producers of... |
Tipo: Working or Discussion Paper |
Palavras-chave: Value of information; Earth science; Natural resource economics; Resource /Energy Economics and Policy; O32; O38; Q28. |
Ano: 2005 |
URL: http://purl.umn.edu/10839 |
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Fischer, Carolyn. |
A model of time-consistent procrastination is developed to assess the extent to which the observed behavior is compatible with rational behavior. When a finite work requirement must be completed by a deadline, the remaining time for leisure is an exhaustible resource. With a positive rate of time preference, the optimal allocation of this resource results in more hours spent working (and fewer in leisure) the closer the deadline. Key qualitative findings of psychological studies of academic procrastination are consistent with the standard natural resource management principles implied by the model, when suitably adapted to task aversiveness, uncertainty, and multiple deadlines. However, quantitatively, the fully rational model requires an extremely high... |
Tipo: Working or Discussion Paper |
Palavras-chave: Procrastination; Natural resource economics; Resource /Energy Economics and Policy; Q3; D9; J22; D81. |
Ano: 1999 |
URL: http://purl.umn.edu/10590 |
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