Define a notion of a value of control

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Reference no: EM131855102

Problem

The value of perfect information measures the change in our MEU if we allow observing a variable that was not observed before. In the same spirit, define a notion of a value of control, which is the gain to the agent if she is allowed to intervene at a chance variable X and set its value. Make reasonable assumptions about the space of strategies available to the agent, but state your assumptions explicitly.

Reference no: EM131855102

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