Expected Value of Perfect Info EVPI = EVwPI - Maximum EMV 2. Now you have the chance to buy the information from Jasmin regarding what type of car it is (before you buy it). How much should you pay for this information? Reverse the order of the chance and action nodes. The chance node represents uncertainty on what the information will be, once we get it. What should be the cost you have to pay for information from Jasmin? 3. Guarantee? Now you have one more option, buying a used car with guarantee. It will cost you $60 and covers 50% of repair costs if repairs > $100; and it covers them all if repairs $100; and it covers them all if repairs