How much, how fast, how certain.
I feel like this definition of expected value doesn’t have the “how fast” variable in it. Thinking about how fast it would take to administer and deploy one drug over another will also determine how many people you can save (for instance, if drug 1 is readily available at CVS vs drug 2 still needs a year to be approved by the FDA and another year to be available everywhere)
How much, how fast, how certain. I feel like this definition of expected value doesn’t have the “how fast” variable in it. Thinking about how fast it would take to administer and deploy one drug over another will also determine how many people you can save (for instance, if drug 1 is readily available at CVS vs drug 2 still needs a year to be approved by the FDA and another year to be available everywhere)