In general, the value of clairvoyance is defined as a. The difference between the certain equivalent of a deal with free clairvoyance and the certain equivalent of that deal without the clairvoyance....


In general, the value of clairvoyance is defined as


a. The difference between the certain equivalent of a deal with free clairvoyance and the certain equivalent of that deal without the clairvoyance.


b. The minimum market selling price for that information.


c. The decision maker's Personal Indifferent Buying Price (PIBP) for that information.


d. The decision maker's Personal Indifferent Selling Price (PISP) for that information.


Which of the above statements is/are true?


i. d only iii. a and b only


ii. c only iv. a and c only



May 04, 2022
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