A 2-action, 2-state EVPI problem expressed in terms of wealth (dollars). Initial wealth w0 = 1.5e6. Actions differ in cost across success/failure states.
Format
A list with elements:
- V
2x2 matrix of residual wealth values.
- p
Prior c(0.4, 0.6).
- w0
Initial wealth (1.5e6).
Source
Runge et al. (2011) doi:10.1890/10-0760.1