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:
“Information networks straddle the world. Nothing remains concealed. But the sheer volume of information dissolves the information. We are unable to take it all in.”
—Günther Grass (b. 1927)