Free Will
Special care is needed when the choice being made for a decision can influence how an uncertainty resolves in the future. Having a perfect or imperfect information on such uncertainty implies that the choice to be made can be inferred prior to making such choice. This circular logic is against free will principle and thus extra works are needed to represent and solve for VoI properly.
Read more about this topic: Value Of Information
Famous quotes containing the words free will and/or free:
“Here we have bishops, priests, and deacons, a Censorship Board, vigilant librarians, confraternities and sodalities, Duce Maria, Legions of Mary, Knights of this Christian order and Knights of that one, all surrounding the sinner’s free will in an embattled circle.”
—Sean O’Casey (1884–1964)
“I doubt if a single individual could be found from the whole of mankind free from some form of insanity. The only difference is one of degree. A man who sees a gourd and takes it for his wife is called insane because this happens to very few people.”
—Desiderius Erasmus (c. 1466–1536)
“Learned institutions ought to be favorite objects with every free people. They throw light over the public mind which is the best security against crafty and dangerous encroachments on the public liberty.”
—James Madison (1751–1836)