Value of Information in Probabilistic Logic Programs
Sarthak Ghosh (Stony Brook University), C. R. Ramakrishnan (Stony, Brook University)

TL;DR
This paper introduces a framework for selecting diagnostic tests based on the value of information within probabilistic logic programs, enabling improved decision-making under resource constraints.
Contribution
It presents a novel approach to acquire information in uncertain systems modeled as PLPs, including a greedy algorithm for optimal observation scheduling.
Findings
The greedy algorithm effectively constructs observation plans based on VoI.
Preemptive algorithm termination yields usable intermediate results.
The approach converges to optimal solutions without a fixed budget.
Abstract
In medical decision making, we have to choose among several expensive diagnostic tests such that the certainty about a patient's health is maximized while remaining within the bounds of resources like time and money. The expected increase in certainty in the patient's condition due to performing a test is called the value of information (VoI) for that test. In general, VoI relates to acquiring additional information to improve decision-making based on probabilistic reasoning in an uncertain system. This paper presents a framework for acquiring information based on VoI in uncertain systems modeled as Probabilistic Logic Programs (PLPs). Optimal decision-making in uncertain systems modeled as PLPs have already been studied before. But, acquiring additional information to further improve the results of making the optimal decision has remained open in this context. We model…
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsBayesian Modeling and Causal Inference · Logic, Reasoning, and Knowledge
