An RSI Understanding Risk method
Value of information analysis
Value of information analysis is one of the methods used by Risk Sciences International to better understand risk.
Broadly
Value of Information (VoI) analysis quantifies how much reducing uncertainty would improve decision quality, helping prioritize research or monitoring. It compares the expected benefit of better information against the cost of obtaining it. Used in environmental, medical, and policy settings, it is useful for setting priorities under constrained resources.
More specifically
RSI applies VoI analysis in research planning, regulatory strategy, and monitoring system design. Its team uses decision-theoretic tools to assess whether new data would materially change conclusions. RSI provides clear reports that help clients decide when additional information is worth pursuing and where existing uncertainty is tolerable.