Value of information

BibliographyFurther reading

Wikipedia (2021)(2004) Value of information, Wikipedia, November 21 (updated 27 February 2021‎).

Maybe in future, this entry should also discuss option value? Or perhaps we should have another entry for that?

2RyanCarey1y
It's a separate concept!
4MichaelA1y
Yeah, definitely. I was just thinking that it might be sufficiently connected to this concept that a (say) 5 paragraph version of this entry should include a paragraph on that concept or the connections. Like how I'd say that the page on philanthropic diversification [https://forum.effectivealtruism.org/tag/philanthropic-diversification] should mention diminishing returns (and indeed it does). But I'm not particularly confident about that; I just shot off the above comment without really thinking about it when I was quickly looking for VoI-related posts to give this tag to, and I saw one I remember liking that was focused on option value but also mentioned VoI a few times. Re-reading the relevant section of that post now [https://forum.effectivealtruism.org/posts/L2ZfHofLuBA9Mx3va/option-value-an-introductory-guide#Connection_to_Value_of_Information] , it does sound like that author would probably approve of option value being mentioned in a 5 paragraph version of this entry. But I haven't really thought about it. (I sometimes use these Discussion pages in a brainstormy / note-to-self-y way as I flit about various entries.)
4Pablo1y
I was already planning to have a separate entry on option value, which I will create shortly. I agree the connection between the two should be briefly discussed in at least one of the two articles.