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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
169Privileging the Question
Qiaochu_Yuan
8y
312
2
113Value of Information: Four Examples
Vaniver
9y
60
2
92How to Measure Anything
lukeprog
8y
52
2
75Value of Information: 8 examples
gwern
9y
43
2
48Lessons on Value of Information From Civ
johnswentworth
5mo
6
2
365-second level case study: Value of information
Kaj_Sotala
9y
6
2
15The VNM independence axiom ignores the value of information
kilobug
8y
48
1
22VOI is Only Nonnegative When Information is Uncorrelated With Future ActionΩ
Diffractor
3y
Ω
2
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