Topic: how to decide when more research is needed

When you're facing a decision, how should you go about deciding whether to invest resources to gather more information? Alex Demarsh will introduce an approach that addresses this question: the decision analytic concept of value of information (http://lesswrong.com/lw/85x/value_of_information_four_examples/), which formalizes how answering a question allows a decision-maker to improve her decision.

Location: we will be meeting in The Abbey, a quiet section of Pub Italia. If you haven't been to this pub before, ask for directions when you get there as it can be tricky to find.