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Depending on the data the following results table displays Nature states Available alternatives Nature state 1 Nature state 2 1 30 1 -10 55 -15

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Depending on the data the following results table displays Nature states Available alternatives Nature state 1 Nature state 2 1 30 1 -10 55 -15 35 35 Possibilities 0.3 0.6 Nature state 3 40 -60 20 0.1 Required: Choose the optimal alternative using the EMV standard Calculating the expected value of complete information EVPI Choosing the best alternative with an EOL

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