Question: What is the EVPI for the decision shown in Figure 12.12? Must you perform any calculations? Can you draw any conclusions regarding the relationship between
What is the EVPI for the decision shown in Figure 12.12? Must you perform any calculations? Can you draw any conclusions regarding the relationship between value of information and deterministic dominance?

(0.1) 20 (0.2) 10 (0.6) A (0.1)
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EVPI 0 because one would still choose A regardless of knowing which outcome ... View full answer
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