Frameworks, calculators, and worksheets to estimate expected decision value, prioritize analyses, and decide whether new data is worth the cost.
A practical, step-by-step calculator and worksheet to estimate the expected value of additional information, decide whether an analysis or experiment is worth its cost, and prioritize analytics and experiments by net expected decision value and time-to-deliver.
An interactive worksheet that captures action payoffs, state probabilities, analysis costs, and simple analysis-outcome scenarios. Saves your inputs and guides you through computing expected value and the value of information (VoI). Supports both a quick estimate and a two-outcome detailed VoI calculation.
An interactive worksheet to estimate the expected value of collecting new information, compute net benefit and break-even thresholds, and save assessments for comparison and prioritization.