In the Texaco Pennzoil case, what is EVPI if Liedtke can learn both Texaco s

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In the Texaco – Pennzoil case, what is EVPI if Liedtke can learn both Texaco ’ s reaction and the final court decision before he makes up his mind about the current $2 billion offer? Can you explain why the interaction of the two bits of information should have this effect?

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Making Hard Decisions with decision tools

ISBN: 978-0538797573

3rd edition

Authors: Robert Clemen, Terence Reilly

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