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+# Expected Value of Perfect Information
+
+In [[decision-theory]], the expected value of perfect information (EVPI)
+is the price that one would be willing to pay
+in order to gain access to [[perfect-information]]
+
+This concept provides the basis for the solution of one or more [[open-problems]].
+To reduce [[risk]] in [[construction-estimating]],
+an organization pays in estimator hours.
+These hours have a direct cost in salary and benefits,
+however the greater cost is the opportunity cost
+of tying up an estimator who could otherwise be starting a new project.