An Approximate Nonmyopic Computation for Value of Information

Abstract

Value-of-information analyses provide a straightforward means for selecting the best next observation to make, and for determining whether it is better to gather additional information or to act immediately. Determining the next best test to perform, given a state of uncertainty about the world, requires a consideration of the value of making all possible… (More)
DOI: 10.1109/34.204912

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