Exhibit 14.4 The Following Questions Are Based on the Information Below

question 45

Multiple Choice

Exhibit 14.4
The following questions are based on the information below.
-Refer to Exhibit 14.4. What is the expected value of perfect information for the investor?

• A) 13.5
• B) 20
• C) 45.5
• D) 59

---

Definitions:

Encoding Failure

A situation where information does not get stored in long-term memory due to insufficient encoding during the learning phase.

Source Amnesia

A memory disorder where one can recall certain information but is unable to remember where, when, or how they learned that information.

Working Memory

The part of short-term memory that is concerned with immediate conscious perceptual and linguistic processing.

Sensory Memory

The shortest term element of memory, it is the ability to retain impressions of sensory information after the original stimuli have ended.