The expected value of sample information
A) is never more than EVPI.
B) can be greater or less than EVPI.
C) can be positive or negative.
D) is equivalent to the EVPI.

Question

Quizplus · Accepted Answer

The expected value of sample information (EVSI) is never more than the expected value of perfect information (EVPI), because while EVPI represents the maximum value that information could have (assuming it is perfect and eliminates all uncertainty), EVSI accounts for the fact that sample information may not be perfect and thus its value is limited by the quality and completeness of the sample.

The Expected Value of Sample Information