PAI 300 Economics for Policy Analysis > Course Outline

Expected Value (EV)

Web Information

Probability and Expected Value

Economic Skills Project

CN-201: A single choice between certain and uncertain outcomes
CN-205: Choosing whether to buy information
CN-211: Calculating the value of information
AU-201: Highway planning with uncertain population growth
AU-501: Imperfect information and health policy
AU-505: Screening for rare diseases with imperfect medical testing.

Five Minute Exercises

Expected Value
Expected Value and Fair Insurance
Expected Net Present Value

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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 01/13/2025