Valuing Information

-The Patriots won 1^st game of the season.

-Marshall County schools will be closed today.

-CSI Marathon on Fox at 5 p.m.

All of these sentences are random information that may or may not pertain to you. Whether it be of value to you is for you to decide. Value of information can be described as how important it is to you, or how important it is to everyone else. The value of information will be different for a variety of reasons. The source you received the information from, how you interpret the information or how relevant it is to you, and how credible it is will all contribute to the value of the information. In the article we read for class, we discussed what “valuing information” means, and also discussed how quickly information spreads with new emerging technology. Some people even refer to something as “traveling at the speed of information” because it moves so quickly. Information can have personal value, scientific value, economic value, or community value. Subjective information which involves personal value, usually involves emotions or opinionated information. On the other hand, objective information is completely opposite. Scientific method is definitely objective, and they believe it should have no bias. With the speed of information being so fast, community values will decline and community memory will be lost.

We are so reliant on one type of technology. If the internet ever shuts down or is disabled, most American’s won’t even have hard copies of pictures, videos, or documents that were saved on their computers. Is technology moving too fast for the country to keep up? Too much information can be a bad thing. For other opinions on valuing economic information visit this website! http://mike2.openmethodology.org/wiki/Economic_Value_of_Information