Question
The difference between the expected value of an optimal strategy based on sample information and the best expected value without any sample information is
The difference between the expected value of an optimal strategy based on sample information and the "best" expected value without any sample information is called the 1 efficiency of sample information. 2 expected value of perfect information. 3 information sensitivity. expected value of sample information.
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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