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Title: Describe the meaning of EVPI. Post by: TTImi on Jan 30, 2018 Describe the meaning of EVPI.
What will be an ideal response? Title: Describe the meaning of EVPI. Post by: Ha dhe224 on Jan 30, 2018 EVPI is defined as the expected value of perfect information. It is found by taking the expected value with perfect information and subtracting the maximum expected monetary value (EMV) from it, and it is the maximum amount that we would be willing to pay for additional (perhaps, perfect) information.
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