The Expected Value with Perfect Information Is

Multiple Choice

The expected value with perfect information is:

A) the maximum EMV for a set of alternatives.
B) the same as the expected value of perfect information.
C) the difference between the payoff under perfect information and the payoff under risk.
D) the expected return obtained when the decision maker knows which state of nature is going to occur before the decision is made.
E) obtained using conditional probabilities.