June 10, 1973

Professor J. Marschak

Institut flr Okonometrie und Operations Research
Universitdt Bonn

Abteilung Operations Research

D-53 Bonn 1

Postfach 589

Nassestrasse 2

GERMANY

Dear Professor Marschak,

Thank you for your note of June 4th. I look forward to getting
the further reprints and reports that you mention which I will study
with interest during the summer.

Yes, I will be at Stanford this fall and I also look forward
to a chance to discuss some of the many points of intersection of
our interests with you.

From your letter I would have to say that I think you are
looking at the questions of the “costs of information" at an even
more fundamental level than I had mainly in mind -~ I was thinking of
problems like the optimum investment in research as applied to
questions like risk reduction in controlling hurricanes or in
distributing drugs and food additives. These remarks of yours simply
increase the arena where we should be in touch with one another from
our very different points of origination.

I will not attempt to prolong this dialogue at its present
distance but look forward to a closer opportunity.

Sincerely yours,

Joshua Lederberg
Professor of Genetics

IL/rr

Al yA eM AbD)