I think this is an outside view/inside view distinction. By “straightforward VOI” I think we’re talking about an inside view VOI. So the thesis here could be restated as “outside view VOI is usually higher than inside view VOI, especially in situations with lots of uncertainty.”
EDIT: Now that I’m thinking about it, I bet that could be formalized.
I think this is an outside view/inside view distinction. By “straightforward VOI” I think we’re talking about an inside view VOI. So the thesis here could be restated as “outside view VOI is usually higher than inside view VOI, especially in situations with lots of uncertainty.”
EDIT: Now that I’m thinking about it, I bet that could be formalized.