expected value of perfect information
Someone to Respect and Admire
August 15, 2017Contrast instructional needs of a learner in a K-12 school and instructional needs of a working adult in a corporate setting.
August 15, 2017explain how to obtain the expected value of perfect information for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.
