Similar Terms
VoI is sometimes distinguished into value of perfect information, also called value of clairvoyance (VoC), and value of imperfect information. They are closely related to the widely known expected value of perfect information and expected value of sample information. Note that VoI is not necessarily equal to "value of decision situation with perfect information" - "value of current decision situation" as commonly understood.
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Famous quotes containing the words similar and/or terms:
“I perceive that God is no respecter of persons.”
—Bible: New Testament Acts, 10:34.
Said by Peter at Caesarea; similar wording is found in Romans 2:11: There is no respect of persons with God.
“My father and I were always on the most distant terms when I was a boya sort of armed neutrality, so to speak. At irregular intervals this neutrality was broken, and suffering ensued; but I will be candid enough to say that the breaking and the suffering were always divided up with strict impartiality between uswhich is to say, my father did the breaking, and I did the suffering.”
—Mark Twain [Samuel Langhorne Clemens] (18351910)