villkorsvärde
Villkorsvärde, often translated as conditional value, is a concept used in decision theory and economics. It represents the value of an outcome or decision when it is contingent upon a specific condition being met. In simpler terms, it's what something is worth to you if a certain event happens.
The calculation of villkorsvärde involves considering the probability of the condition occurring and the value of
For example, imagine a business decision. The villkorsvärde of investing in a new product launch might be
The concept is closely related to expected utility theory, where individuals make decisions to maximize their