Open AccessThe Maximum Possible EVPI
Author(s) -
Zvi Drezner
Publication year - 2001
Publication title -
informs transactions on education
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.161
H-Index - 3
ISSN - 1532-0545
DOI - 10.1287/ited.1.3.117
Subject(s) - distribution (mathematics) , upper and lower bounds , mathematics , mathematical analysis
In this note we calculate the maximum EVPI for any probability distribution for the states of the world. This maximum EVPI is an upper bound for the EVPI with given probabilities and thus an upper bound for any partial information about the states of the world.
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