Expected Value of Perfect Information
{"Image DocumentName": "Expected Value of Perfect Information", "Image ImageDescription": "We can go one step further and ask how much perfect information is worth. Perfect could be imagined as an envelope containing the final outcome. No such envelope exists but if it did how much would Acme be willing to pay for it? This question can be answered with the decision tree shown on the next slide. Folding back produces an EMV of  7.65 million.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}