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Value of Information

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Written by Ruby, brook last updated 11th Aug 2020

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
5
228Privileging the Question
Qiaochu_Yuan
12y
312
3
121How to Measure Anything
lukeprog
12y
55
3
83Value of Information: 8 examples
gwern
13y
44
3
12Evaluating the ROI of Information
Declan Molony
2mo
3
2
150Break your habits: be more empirical
Academian
15y
33
2
137Value of Information: Four Examples
Vaniver
14y
58
2
72Costs and Benefits of Scholarship
lukeprog
14y
109
2
54Lessons on Value of Information From Civ
johnswentworth
5y
6
2
52Experimental longtermism: theory needs data
Jan_Kulveit, technicalities
3y
0
2
42Information Assets
ozziegooen
4y
3
2
365-second level case study: Value of information
Kaj_Sotala
14y
5
2
30Unit Test Everything
DirectedEvolution
3y
0
2
15The VNM independence axiom ignores the value of information
kilobug
12y
48
2
8Map:Territory::Uncertainty::Randomness – but that doesn’t matter, value of information does.
Davidmanheim
9y
21
1
28VOI is Only Nonnegative When Information is Uncorrelated With Future Action
Ω
Diffractor
7y
Ω
2
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