A 2-action, 2-state EVPI problem. The manager can either translocate frogs or do nothing. Risk: chytrid fungus may be present (50% prior probability).
Format
A list with elements:
- V
2x2 matrix. Rows = actions (translocate, no_action), columns = states (chytrid_present, chytrid_absent). Values = frogs surviving.
- p
Prior probability vector c(0.5, 0.5).
- evpi_riskneutral
Risk-neutral EVPI = 17.5 frogs.
Source
Canessa et al. (2015) doi:10.1111/cobi.12478