p1
p2
p3
I1
I2
I3
I2
I1
I3
EVP
Transformation
to
expectation
Policy for
Concave Profiles
n First derivative of utility positive with computation, second
derivative is nonpositive.
• Theorem:
Ideal policy:
continue to allocate resources to solving the problem with the
highest instantaneous expected value flux.
Eric Horvitz, April 5, 2003
Horvitz, 01