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In decision theory and quantitative policy analysis, the expected value of including uncertainty (EVIU) is a measure that quantifies the potential benefit of incorporating uncertainty into decision-making. Specifically, it represents the expected improvement in decision outcomes when using a comprehensive probabilistic analysis compared to an analysis that ignores uncertainty by using only point estimates. EVIU helps decision-makers understand when it's worthwhile to invest resources in more sophisticated uncertainty analysis versus when simpler deterministic approaches might suffice.
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