Quantcast

The value of information in Newcomb's Problem and the Prisoners' Dilemma

Research paper by Paul Snow

Indexed on: 01 Mar '85Published on: 01 Mar '85Published in: Theory and decision



Abstract

The acts in Newcomb's Problem and the Prisoner's Dilemma are viewed as experiments. The cost of the information yielded by each act-experiment is compared to the value of information in the two problems, which is zero. The non-dominant act-experiments cost more than their information is worth, and are therefore rejected.