Additivity of Information Value in Two‐Act Linear Loss Decisions with Normal Priors

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Additivity of information value in two-act linear loss decisions with normal priors.

Information about two uncertainties is superadditive in value if the value of information for resolving both uncertainties together exceeds the sum of the value of information for resolving each uncertainty alone. For the two-act linear loss decision problem with normal priors, conditions are derived for which the expected value of perfect information about two independent risks is superadditiv...

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ژورنال

عنوان ژورنال: Risk Analysis

سال: 2005

ISSN: 0272-4332,1539-6924

DOI: 10.1111/j.1539-6924.2005.00594.x