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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
198Privileging the Question
Qiaochu_Yuan
9y
312
2
138Break your habits: be more empirical
Academian
12y
32
2
117Value of Information: Four Examples
Vaniver
11y
60
2
100How to Measure Anything
lukeprog
9y
52
2
78Value of Information: 8 examples
gwern
10y
44
2
68Costs and Benefits of Scholarship
lukeprog
11y
109
2
52Lessons on Value of Information From Civ
johnswentworth
2y
6
2
50Experimental longtermism: theory needs data
Jan_Kulveit, technicalities
3mo
0
2
365-second level case study: Value of information
Kaj_Sotala
11y
6
2
35Information Assets
ozziegooen
10mo
2
0
18Against Thinking About The Unactionable
George
4mo
2
2
15The VNM independence axiom ignores the value of information
kilobug
9y
48
2
8Map:Territory::Uncertainty::Randomness – but that doesn’t matter, value of information does.
Davidmanheim
6y
21
1
22VOI is Only Nonnegative When Information is Uncorrelated With Future ActionΩ
Diffractor
4y
Ω
2
1
3How does an infovore manage information overload?
haig
13y
30
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