Expected opportunity loss is the opportunity loss due to imperfect information.

Name: Expected opportunity loss is the opportunity loss due to imperfect information.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Expected opportunity loss (EOL) is indeed the opportunity loss that results from not having perfect information, reflecting the difference in value between the best decision made with imperfect information and the best decision that could have been made with perfect information.

Expected Opportunity Loss Is the Opportunity Loss Due to Imperfect