A Simplified Method for Value of Information Using Constructed Scales

DOI10.1287/DECA.2023.0474MaRDI QIDQ6121533zbMATH OpenOpenAlexWikidataFDO

Authors Michael C. Runge, James E. Lyons

Publication date 27 February 2024

Published in Decision Analysis (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/deca.2023.0474

zbMATH Keywords

constructed scaleepistemic uncertaintyexpected value of perfect informationexpected value of sample informationexpert judgmentqualitative value of information

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Recommendations

• Value of information: sensitivity analysis and research design in Bayesian evidence synthesis
• Entropy and the value of information
• Information Density in Decision Analysis
• Efficient non-myopic value-of-information computation for influence diagrams
• 'Value' of additional information in multicriterion analysis under uncertainty

This page was built for publication: A Simplified Method for Value of Information Using Constructed Scales

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6121533)