MIT IDS.333 Risk and Decision Analysis, Fall 2021 - Unit 9: Value of Information, Video 4: Expected Value of Perfect Information

MIT IDS.333 Risk and Decision Analysis, Fall 2021 Instructor: Richard de Neufville View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/ YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62jwhTqp8_1kwrkDkxZhpQC Perfect information is a hypothetical concept that provides an easy-to-calculate upper bound on value of information. The process is simple and intuitive. This video has been dubbed using an artificial voice via https://aloud.area120.google.com to increase accessibility. You can change the audio track language in the Settings menu. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.