id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_5n7w4bfucff4pehjpmlkjz7jtu	F. P. RAMSEY	Weight or the Value of Knowledge	1990	4	.pdf	application/pdf	964	141	77	Frank Ramsey's note 'Weight or the Value of Knowledge' is a gem. Ramsey proves that when knowledge or information is free it pays in expectation to on the theory of the economy of research' (18 76) [1958]; a discussion of Ramsey's that Ramsey in his celebrated paper 'Truth and Probability' (1926) [1990] laid the foundations of themodern theory of subjective probability. theory of subjective probability he also laid the foundations of modern utility shows that Ramsey also had a proof of the value of collecting evidence, years before I have not altered Ramsey's unorthodox notation for probabilities, which is M. Keynes' A Treatise on Probability [1921] (the word 'weight' in the 1 This note is part of the Frank Ramsey Collection, document numbers 005-20-01 and 005-20S. 'Note on the theory of the economy of research' (18 76), in Collected Papers Cambridge University Press, Cambridge and New York, pp.	./cache/work_5n7w4bfucff4pehjpmlkjz7jtu.pdf	./txt/work_5n7w4bfucff4pehjpmlkjz7jtu.txt