evand comments on Value of Information: 8 examples - Less Wrong

48 Post author: gwern 18 May 2012 11:45PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (43)

You are viewing a single comment's thread. Show more comments above.

Comment author: evand 19 May 2012 02:50:51PM 2 points [-]

Expected value of taking M without information is 0.5 * -1 + 0.5 * 4 = 1.5, not 1. VoI in this case is 0.5 utilon.