EXPECTED VALUE OF PERFECT INFORMATION (EVPI) is the difference between the expected value with (additional) perfect information and the expected value with current information. The expected value of perfect information is the maximum amount a decision maker should pay for additional information that gives a perfect signal as to the state of nature.

KRONA (KRONOR) is a currency of Sweden.

YELLING MARKETS refers to markets where transactions involve the yelling of prices and quantities during the transaction.

Enter Search Term

*Enter a term, then click the entry you would like to view.*