Value of information (VOI or VoI) is the amount a decision maker would be willing to pay for information prior to making a decision.
Read more about Value Of Information: Similar Terms, Characteristics, Computation, Free Will, Bibliography
Famous quotes containing the word information:
“In the information age, you don’t teach philosophy as they did after feudalism. You perform it. If Aristotle were alive today he’d have a talk show.”
—Timothy Leary (b. 1920)