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Author Question: The expected value of perfect information (EVPI) is the (Read 78 times)

tfester

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on: Dec 3, 2019

Question 1

The likelihood that a decision maker will ever receive a payoff precisely equal to the EMV when making any one decision is
◦ 50%.
◦ high (near 100%).
◦ dependent upon the number of alternatives.
◦ dependent upon the number of states of nature.
◦ low (near 0%).

Question 2

The expected value of perfect information (EVPI) is the
◦ difference between the payoff under perfect information and the payoff under risk.
◦ payoff for a decision made under perfect information.
◦ average expected payoff.
◦ payoff under minimum risk.
◦ payoff for a decision made under maximum risk.
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Marked as best answer by tfester on Dec 3, 2019

IAPPLET

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tfester

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Reply 2 on: Dec 3, 2019
Thanks for the timely response, appreciate it

chereeb

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Reply 3 on: Yesterday
Wow, this really help

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