Assessing the Value of Information According to Attitudes Towards Downside Risk and Upside Potential
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DOI: 10.2118/185841-ms
Abstract: The Value of Information (VoI) analysis typically assesses information opportunities to manage uncertainty. The VoI is traditionally estimated using the expected monetary value (EMV), which overlooks the decision maker's (DM) attitude towards upsides and downsides.… read more here.
Keywords: information; uncertainty; downside risk; value ... See more keywords