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Value of Information

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Value of Information
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Value of Information (VoI) is a concept from decision analysis: how much answering a question allows a decision-maker to improve its decision.

See also: Bayes theorem, Decision Theory

Posts tagged Value of Information
Most Relevant
5
209Privileging the Question
Qiaochu_Yuan
10y
312
2
142Break your habits: be more empirical
Academian
12y
32
2
125Value of Information: Four Examples
Vaniver
11y
62
2
107How to Measure Anything
lukeprog
10y
52
2
79Value of Information: 8 examples
gwern
11y
44
2
69Costs and Benefits of Scholarship
lukeprog
12y
109
2
52Lessons on Value of Information From Civ
johnswentworth
2y
6
2
50Experimental longtermism: theory needs data
Jan_Kulveit, technicalities
1y
0
2
42Information Assets
ozziegooen
2y
3
2
365-second level case study: Value of information
Kaj_Sotala
11y
6
2
29Unit Test Everything
DirectedEvolution
6mo
0
2
15The VNM independence axiom ignores the value of information
kilobug
10y
48
2
8Map:Territory::Uncertainty::Randomness – but that doesn’t matter, value of information does.
Davidmanheim
7y
21
1
22VOI is Only Nonnegative When Information is Uncorrelated With Future ActionΩ
Diffractor
5y
Ω
2
1
6Gathering Information you won't use directly is often useful
Johannes C. Mayer
8mo
1
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