If the expected value of introducing a product is positive, then the value of perfect information is zero.

Question

Quizplus · Accepted Answer

The value of perfect information can still add value even if the expected value of introducing a product is positive. Perfect information can help to refine and improve the expected value calculation, and can also help to identify potential risks and uncertainties that may affect the success of the product. Therefore, the value of perfect information is not necessarily zero in this scenario.

If the Expected Value of Introducing a Product Is Positive