Question: Using trial and error on the prior probabilities in the

Using trial and error on the prior probabilities in the Acme problem, find values of them that make EVSI equal to 0. These are values where Acme will make the same decision, regardless of the test-market results it observes. Comment on why the test market is worthless for your particular prior probabilities.


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  • CreatedApril 01, 2015
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