vault backup: 2026-05-01 16:24:18

2026-05-01 16:24:18 -04:00
parent f7c50ed0d2
commit eb30cdb79c
71 changed files with 155 additions and 135 deletions
@@ -13,9 +13,13 @@ of some reduction in [[uncertainty]].
 It is the amount a rational party would be willing to pay
 to gain access to information prior to making a decision.

+"Value" in this context could represent several concepts,
+currency or [[utility]],
+but usually measured in the local medium of exchange.
+
 ## Example

-Suppose a decision maker has the opportunity to purchase information $I$.
+Suppose a decision maker has the opportunity to purchase [[information]] $I$.
 Consider these two scenarios:

 1. the decision maker does not purchase the information