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[MINI] Value of Information

Data Skeptic

00:00

Is There a Correlation Between the Cost and the Weather?

If the data doesn't influence your decision in that context, that information has zero value to you. So assessing whether or not you want to incur the cost of getting information could come in a couple of ways. If the cost of some information is more expensive than the improvement you would get from a more informed decision, it might not be worth it.

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