If a decision will not be affected by the research results, the value of perfect information is zero.

Name: If a decision will not be affected by the research results, the value of perfect information is zero.
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Question

Quizplus · Accepted Answer

If a decision will not be affected by research results, then the decision maker already has all the necessary information to make the decision and the value of gathering more information (perfect or otherwise) is zero.

If a Decision Will Not Be Affected by the Research