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Fig. 2 | Environmental Sciences Europe

Fig. 2

From: Value of information analysis for assessing risks and benefits of nanotechnology innovation

Fig. 2

Probability mass function of loss results. Probability mass function of loss results for enumeration input both for “Research on risks” in blue and “Research on benefits” in orange are reported for the classification, linear and quadratic loss functions. Because of the different natures of the quadratic loss function (i.e., error based vs value based), it is not meaningful to compare its absolute values with others, nevertheless the comparison is still sound in terms of comparing the patterns of the two sources of information along the different loss functions as well as relative comparisons inside single functions

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