Question: use the table below to to determine the expected value of perfect information the probabilities for the states of nature are s1=0.20, s2=0.30 and s3
use the table below to to determine the expected value of perfect information the probabilities for the states of nature are s1=0.20, s2=0.30 and s3 0.50
state of nature
decison s1 s2 s3
d1 10,000 5,000 15,000
d2 15,000 9,000 10,000
d3 20,000 -5,000 10,000
d4 11,000 -4,000 15,000
a 3,200
b 3,800
c 11,000
d 14,200
e 3,500
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