Open Access. Powered by Scholars. Published by Universities.®
Physical Sciences and Mathematics Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Physical Sciences and Mathematics
Additivity Of Information Value In Two-Act Linear Loss Decisions With Normal Priors, Jeffrey Keisler
Additivity Of Information Value In Two-Act Linear Loss Decisions With Normal Priors, Jeffrey Keisler
Jeffrey Keisler
For the two-act linear loss decision problem with normal priors, conditions are derived for which the expected value of perfect information about two independent risks is super-additive in value. Several applications show how a variety of decision problems can reduce to the canonical problem, and how the general results obtained here can be translated simply to prescriptions for specific situations.