arxivstat.MLcs.ITcs.LGmath.PR2026-06-26
Value of Information under Imprecise Probabilities: Decision-Rule-Specific Values and Fixed-Measure Envelopes on a Credal Set
Value-of-information (VOI) analysis is usually conducted under a single probability measure. However, in practice, the available evidence often pins the measure down only to a set. Consequently, under a set of probability measures, VOI requires different formulations. First, we e…