Show that the value of information is nonnegative

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Information value:- Show that the value of information is nonnegative when decisions are made with a utility function.

Exponential utility:- Show that if utility is U(v) = -e-av, then the value of information is VI(A|B) = V∗(A|B) - V∗(A).

Reference no: EM131248890

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Show that the value of information is nonnegative : Show that the value of information is nonnegative when decisions are made with a utility function. - Show that if utility is U(v) = -e-av, then the value of information is VI(A|B) = V∗(A|B) - V∗(A).

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