Titlebook: Economic Information, Decision, and Prediction; Selected Essays: Vol Jacob Marshak Book 1974 D. Reidel Publishing Company, Dordrecht, Holla

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Y. Norma-Rashid,S. N. R. Saleezaell-considered view, and allowing for the cost of making the decision, its results will be, on the average, not worse than those of any other available action. The set of available actions is called his ‘resources’. Economic planning is, in this sense, concerned with the ‘best use of resources’.

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An Introduction to Biotechnology,ages to the payoff-relevant events, and also by the message cost.. Neglecting this cost, the (gross) value of an information system for a given user is the (gross) payoff that he would obtain, on the average, if he would respond to each message by the most appropriate decision. Thus (gross) informat

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Basic and Applied Phytoplankton Biologyplified by TV pictures of the moon surface and also by robotized stock market transactions and, hopefully, by computerized professors. Fritz Machlup defined the knowledge industry to include education and research as well as publishing and broadcasting. He estimated its share in the gross national p

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Basic Principles of Heat TransferIf several persons agree to follow a certain set of rules, we shall say — just for the purpose of this paper and without quarreling with other existing definitions — that they are members of an .. We shall call this set of rules the . or ..

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