Sentence examples for by their expected utilities from inspiring English sources

Another response is to claim that the values of these infinitary games are not adequately captured by their expected utilities.

Why should we assume that people evaluate lotteries in terms of their expected utilities?

Roemer (1985) argues that if individuals maximize their expected utility on the insurance market, they insure against states in which they have low marginal utility.

Because empirical evidence indicates that individuals often do not seek to maximize their expected utility, the criterion of maximization of the expected utility is descriptive but weakly predictive.

In Section 2 we discuss fixed sample designs and compare their performance based on their expected utility.

Specifically, the Indian buffet game model can reveal how players learn the uncertainty through social learning and make optimal decisions to maximize their own expected utilities by considering negative network externality [7].

In the first, using the WCS data, I extract the probability of entry into the transfer market by teacher type, which will be parametrized by the individual expected utilities of matching with the different types of schools (as well as failing to match and remaining in the current school).

We assume that a forest is composed of a number of land parcels that are individually managed; landowners choose whether or not to cut trees by comparing the expected utilities of forest conservation and deforestation; landowners learn utility values not only from their own experiences, but also by exchanging and sharing information with others in a society.

We assessed the relative merits of using VAS and CRS to elicit values by comparing their distributions, response rates, and expected utilities expressed as relative importance scores (RIS), as described in Appendix S1.

In this framework individuals maximize their own expected utility and choose to live in the location that offers the highest expected utility.

It is better to evaluate a decision by comparing its expected utility to the expected utilities of rival decisions.