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The Expected Value of Perfect Information (EVPI)equals the Smallest ____________________

question 88

Short Answer

The expected value of perfect information (EVPI)equals the smallest ____________________.This is not a coincidence.


Definitions:

Aesthetics

The branch of philosophy concerned with the nature and appreciation of beauty, art, and taste.

Objectively

In a manner that is not influenced by personal feelings, interpretations, or prejudice; based on facts and unbiased.

Subjectively

In a manner based on personal feelings, tastes, or opinions.

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