Details includng;
of SPE papers addressing the subject of 'Value of Information' can be found in the file VOI_SPE_Papers.
The titles of two papers look like they would make interesting reading;
Value-of-Information Lookbacks--Was the Information You Gathered Really Worth Getting?>>>
SPE 101540 Coopersmith et al
and
The Cost of Errors in Estimates Used in Concept Selection
SPE 110191 Jablonowski et al>>