Some Properties of Batch Value of Information in the Selection Problem

@article{Shperberg2017SomePO,
  title={Some Properties of Batch Value of Information in the Selection Problem},
  author={Shahaf S. Shperberg and Solomon Eyal Shimony},
  journal={J. Artif. Intell. Res.},
  year={2017},
  volume={58},
  pages={777-796}
}
Given a set of items of unknown utility, we need to select one with a utility as high as possible (“the selection problem”). Measurements (possibly noisy) of item values prior to selection are allowed, at a known cost. The goal is to optimize the overall sequential decision process of measurements and selection. Value of information (VOI) is a well-known… CONTINUE READING