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  3. Study Set
    Managerial Decision Modeling
  4. Exam
    Exam 8: Decision Analysis
  5. Question
    The Expected Value of Perfect Information (EVPI)places a Lower Bound
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The Expected Value of Perfect Information (EVPI)places a Lower Bound

Question 31

Question 31

True/False

The expected value of perfect information (EVPI)places a lower bound on how much a decision maker should be willing to pay to obtain perfect information.

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