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@@ -75,19 +75,6 @@ in order to gain access to perfect information.
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The perceived _value_ of decreased uncertainty
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must be weighed against its _cost_.
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#### In Construction Estimating
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This concept provides the basis for the solution
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of one or more [[open-problems-in-estimating]].
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To reduce [[risk]] in [[construction-estimating]],
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an organization pays in estimator hours.
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These hours have a direct cost in salary and benefits,
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however the greater cost is the opportunity cost
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of tying up an estimator who could otherwise be starting a new project.
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In many cases, the utility of doubled throughput
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far outweighs the increased risk of individual bids.
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## Types of Uncertainty
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### Aleatory Uncertainty
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