ZaneMeyers/zmVault
1
0
Fork 0
Code Issues Pull Requests Actions Packages Projects Releases Wiki Activity

vault backup: 2025-07-24 16:44:33

Browse Source
This commit is contained in:
Zane Meyers
2025-07-24 16:44:33 -04:00
parent bb19afeea3
commit 66be41640e
68 changed files with 43019 additions and 684 deletions
Download Patch File Download Diff File Expand all files Collapse all files
perfect-information.md
+9 -3
View File
@@ -1,3 +1,9 @@
---
id:
aliases: []
tags:
- risk
---
# Perfect Information
In [[strategy]], perfect information is hypothetical information
@@ -9,10 +15,10 @@ Expected value of perfect information (EVPI)
is the price that one would be willing to pay
in order to gain access to perfect information.
The perceived *value* of decreased uncertainty
must be weighed against its *cost*.
The perceived _value_ of decreased uncertainty
must be weighed against its _cost_.
This concept provides the basis for the solution of one or more [[open-problems]].
This concept provides the basis for the solution of one or more [[open-problems-in-estimating]].
To reduce [[risk]] in [[construction-estimating]],
an organization pays in estimator hours.
These hours have a direct cost in salary and benefits,