In search of a principled theory of the ‘value’ of knowledge

A theory of the Value/Utility of information and knowledge (K) is not really there. This would require a theory of the centrality of Goals in minds, and of the role of K relative to Goals and their dynamics. K value is a notion relative to Goal value. Inf/K is precisely a resource, a means and the value of means depends on the value of their possible functions and uses. The claim of this paper is that Ks have a Value and Utility, they can be more or less ‘precious’; they have a cost and imply some risks; they can be not only useful but negative and dangerous. We also examine the ‘quality’ of this resource: its reliability; and its crucial role in goal processing: activating goals, abandoning, choosing, planning, formulating intentions, decide to act. ‘Relevance theory’, Information theory, Epistemic Utility theory, etc. are not enough for providing a theory of the Value/Utility of K. And also truthfulness is not ‘the’ Value of K. Even true information can be noxious for the subject.