4 6 Value of Information

Category
Decision -Making
Description
"Value of Information (VoI) is a concept from decision analysis: how much answering a question allows a decision-maker to improve its decision. Like opportunity cost, it's easy to define but often hard to internalize; and so instead of belaboring the definition let's look at some examples." -LessWrong
Person
Resource Datasbase
Source
Scott Page Model Thinking MOOC Course