When he acts as a consultant, he first spends a couple of days training the decision makers in calibrating their probability assessments, and then they do a VOI calculation for all the important unknowns, based on those subjective probabilities.
As I’m not Vaniver I can’t say for sure, but the way I read it doing the background research refers to the step were you get the subjective probabilities and identify the important unknowns.
As I’m not Vaniver I can’t say for sure, but the way I read it doing the background research refers to the step were you get the subjective probabilities and identify the important unknowns.