Expected value of sample information
id:
expected-value-of-sample-information-315-17039851
title:
Expected value of sample information
text:
In decision theory, the expected value of sample information (EVSI) is the expected increase in utility that a decision-maker could obtain from gaining access to a sample of additional observations before making a decision. The additional information obtained from the sample may allow them to make a more informed, and thus better, decision, thus resulting in an increase in expected utility. EVSI attempts to estimate what this improvement would be before seeing actual sample data; hence, EVSI is
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Expected_value_of_sample_information
date created:
date modified:
2023-03-03T16:26:58Z
main entity:
{"identifier":"Q5420854","url":"https://www.wikidata.org/entity/Q5420854"}
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13
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