What is EXPECTED VALUE OF PERFECT INFORMATION?

A theory of decision making that the expected value (EV) is the cost one willing pays to have access to perfect information.

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Related Legal Terms
PERFECT INFORMATION, EXPECTED VALUE MAXIMIZATION PRINCIPLE, PERFECT RATIONALITY, EXPECTED MONETARY VALUE, EXPECTED CREDIT LOSS, ELECTRONIC INFORMATION SYSTEM, TERMINAL EXPECTED RISK EXPOSURE, PERFECT INSTRUMENT, PERFECT COMPETITION, AVERAGE EXPECTED RISK EXPOSURE


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