Sentence examples for based on expected utility from inspiring English sources

This looks like an argument based on expected utility theory.

Instead, systems engineers can make decisions that favor system robustness using established methods based on expected utility theory.

As previously mentioned, the migrant's utility function in this section is based on expected utility: U = u c 1 + δEu c 2, (17).

The document makes the point that much of the thinking underpinning crime policy development is based on "expected utility theory" - broadly the idea that potential criminals make rational decisions on whether to commit a crime based on risk and reward.

This method has traditionally been based on expected utility theory [41].

However, DCA is based on expected utility theory, which has been routinely violated by decision makers.

In Section 3 we assess adaptive approaches based on expected utilities and use simulation results to identify optimized designs for a range of scenarios.

Bayesian model selection suggests that this scheme offers a better (and more accurate) account of behavior than a model based solely on expected utility.

The theoretical framework for this paper is grounded on expected utility theory under a mean-standard deviation utility function.

Bayesians, such as Maher (1993), suggest that this decision be made on expected utility grounds.

To date, three types of threshold models have been described: 1) the original model, based on the expected utility theory (EUT) framework (TEUT) [ 1, 2]; 2) the regret-based threshold model (TRG) [ 3- 5]; and 3) the threshold model based on the dual-processing theory of decision-making (TDP) [ 6].