If it helps anyone, I found the explanation in the video here (under “Decision Models”) much easier to follow than Vaniver’s.
I mean, hey, it has pretty pictures!!
Don’t get me wrong, this post is excellent. And it’s much more detailed than the video. But I ran into an inferential chasm the first time I tried to read it, and I can’t be the only one.
If it helps anyone, I found the explanation in the video here (under “Decision Models”) much easier to follow than Vaniver’s.
I mean, hey, it has pretty pictures!!
Don’t get me wrong, this post is excellent. And it’s much more detailed than the video. But I ran into an inferential chasm the first time I tried to read it, and I can’t be the only one.
I think Anubhav is referring to this lecture. I agree it’s a helpful, simpler explanation of VOI too.