@LifeOfMyMoon @rlmcelreath ES Quade (1972); So represent for purpose of choice; good model depends on which choice.pic.twitter.com/ANndxKM63r
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@davidmanheim @rlmcelreath Except, NFL doesn't really apply: they hold information constant. Can form better model by obtaining perfect info
@LifeOfMyMoon @rlmcelreath Yes. Unfortunately, models exist to represent imperfectly, usually given available data.
@LifeOfMyMoon @rlmcelreath By extending models to represent the decision process w/ utilities, you can calculate VoI and collect more data.
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