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A New Approach for Regulating Information Markets

✍ Scribed by Robert W. Hahn; Paul C. Tetlock

Publisher
Springer US
Year
2006
Tongue
English
Weight
208 KB
Volume
29
Category
Article
ISSN
0922-680X

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The current regulation of new pharmaceuticals is inefficient because it demands arbitrary amounts of information, the type of information demanded is not relevant to decision-makers and the same standards of evidence are applied across different technologies. Bayesian decision theory and an analysis