The value of complete information is equal to

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    the weighted average of the expected value of a choice with complete information and the expected value of a choice with incomplete information.
     the difference between the expected value of a choice with complete information and the expected value of a choice with incomplete information.
     the difference between the standard deviation of a choice with complete information and the standard deviation of a choice with incomplete information.
     Both 1 and 2.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the difference between the expected value of a choice with complete information and the expected value of a choice with incomplete information.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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