How do you find the expected value of sample information?
How do you find the expected value of sample information? Mathematically, it can be expressed in terms of the INB as EVSI = E X [ max { 0 , E θ | X [ INB ] } ] − max { 0 , E θ [ INB ] } where E θ | X [ INB ] is the posterior expectation of the INB for a specific sample . How do you find the expected value in decision making? Expected value is the average expected financial outcome of a decision. You can get it by multiplying all of the...