beoShaffer comments on Value of Information: Four Examples - Less Wrong

76 Post author: Vaniver 22 November 2011 11:02PM

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Comment author: beoShaffer 24 December 2011 07:40:03PM 0 points [-]

When he acts as a consultant, he first spends a couple of days training the decision makers in calibrating their probability assessments, and then they do a VOI calculation for all the important unknowns, based on those subjective probabilities.

As I'm not Vaniver I can't say for sure, but the way I read it doing the background research refers to the step were you get the subjective probabilities and identify the important unknowns.