Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Value of control
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
{{Unreferenced stub|auto=yes|date=December 2009}} {{distinguish|Valuation control}} The '''value of control''' is a quantitative measure of the value of controlling the outcome of an [[random variable|uncertain variable]]. [[Decision analysis]] provides a means for calculating the value of both '''perfect''' and '''imperfect control'''. The former value, informally known as the '''value of wizardry''', is an upper bound for the latter. Obtaining meaningful value-of-control measurements requires an awareness of important restrictions (concerning the nature of [[free will]] and the meaning of [[Counterfactual conditional|counterfactual]] statements) on the validity of this kind of analysis. ==See also== *[[Value of information]] *[[Decision wizard|Wizard]] {{DEFAULTSORT:Value Of Control}} [[Category:Valuation (finance)]] [[Category:Free will]] {{reli-philo-stub}} {{finance-stub}}
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)
Pages transcluded onto the current version of this page
(
help
)
:
Template:Distinguish
(
edit
)
Template:Finance-stub
(
edit
)
Template:Reli-philo-stub
(
edit
)
Template:Unreferenced stub
(
edit
)