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:
“I believe it has been said that one copy of The Times contains more useful information than the whole of the historical works of Thucydides.”
—Richard Cobden (1804–1865)