Question: Value of Perfect Information mRNATech is considering hiring DataAnalytics, an independent third party company, which would be able to predict whether mRNATechs vaccine will be

Value of Perfect Information mRNATech is considering hiring DataAnalytics, an independent third party company, which would be able to predict whether mRNATechs vaccine will be approved or not

Suppose DataAnalytics is able to predict whether the vaccine will be approved or not with perfect accuracy. What is the maximum that mRNATech should be willing to pay in order to obtain this perfect information? Answer this question by constructing a decision tree.

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