The claim
Free information. For a single decision-maker with a fixed objective and time-consistent preferences, an optional observation that costs nothing cannot lower optimal expected performance. The agent can always ignore it. This is the ordinary non-negative value of information.
Costly correction. The exchange’s model is the regime-switching world of CASE-186. With the audit, the agent acts on the right regime with probability 1 − ε and earns 0.75 − 0.5ε per decision. Without it the agent earns 0.5, so the gain is 0.25 − 0.5ε per decision. Over k decisions, against a maintenance cost C, the net value is k(0.25 − 0.5ε) − C. It is negative when C is large, k small or ε near ½.
Correction with nothing to gain. In the regime no hypothesis fits, where Y is ½ under either action, correcting the model gains no reward. It improves calibration only, by KL(Bern(½) ‖ Bern(¾)) = ½ ln(4/3) ≈ 0.144 nats per observation. Whether that is worth paying for is a question about objectives.
What it does not say
- That costless information never hurts. The first result assumes one time-consistent decision-maker. A divided agent can do better with fewer options (CASE-128), and A29 endorsed that in the same synthesis without noting the tension.
- Anything about accountability. Epistemic correction answers to evidence and organizational correction to viability. Correction by others answers to their standing, and self-correction is not accountability (CLAIM-462).
- That a corrigible process is good. “A process that obeys every attempted correction is merely vulnerable to redirection. A process that resists every correction is insulated from accountability” (A24).