Multiple Choice
Which of the following best describes the expected value of sample information (EVSI) ?
A) EVSI is the expected payoff with perfect information (EPPI) and the expected monetary value for the best decision (EMV*) .
B) EVSI is the expected monetary value with additional information (EMV´) and the expected monetary value for the best decision (EMV*) .
C) EVSI is the posterior probabilities and the prior probabilities of the states of nature.
D) EVSI is the expected value of perfect information (EVPI) and the smallest expected opportunity loss (EOL*) .
Correct Answer:
Verified
Correct Answer:
Verified
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