Precise geometric criterion for complementarity vs substitution at a belief
Establish a precise geometric criterion that determines, for any finite-action Bayesian decision problem and two information channels i and j at a belief b, whether the second-order interaction ΔVoI(j | i, b) is positive (complements) or negative (substitutes), expressed in terms of which decision boundaries—i.e., boundaries between the piecewise-linear decision regions induced by the value function V—are crossed by the posterior distributions generated by channels i and j.
References
The gap between our necessary and sufficient conditions calls for a tighter characterization: the worked example (Section~\ref{sec:example}) suggests that channels crossing different boundaries complement while channels crossing the same boundary substitute, but a precise geometric criterion remains to be formulated.