Sentence examples for higher expected utility from inspiring English sources

But if the 'cost' of a lottery ticket (eg, in the form of less than 'fair' odds) is less than W0 - W, so that the probability-weighted expected value of the consumer's post-lottery wealth is greater than W, the consumer will realize higher expected utility participating in the lottery than not participating.

We also find that subsidizing insurance is not the best possible use of public funds: for a given level of public funding, reducing credit rates, subsidizing fertilizers, or just transferring cash as a lump-sum generally brings a higher expected utility to farmers and leads to a higher increase in grain production levels.

Then On Savage's proposal, two-boxing comes out with a higher expected utility than one-boxing.

Yet on Jeffrey's definition of conditional probability, one-boxing has a higher expected utility than two-boxing.

If a person can be represented as having degrees of belief that obey the probability calculus [and a utility function such that she prefers acts with higher expected utility], then the person really has degrees of belief that obey the laws of the probability calculus [and really does prefer acts with higher expected utility].

The inequality means that when the recommendation to player k l is to choose action S k l, then choosing the any other action instead cannot obtain a higher expected utility.

These tools are deployed toward the goal of computational rationality: identifying decisions with highest expected utility, while taking into consideration the costs of computation in complex real-world problems inwhich most relevant calculations can only be approximated.

Its basic slogan is: choose the act with the highest expected utility.

Finally, our decision theory culminates in the following norm: Expected Utility Maximization Choose the option with the highest expected utility.

The act with the highest expected utility after the extra evidence is in will always be always at least as good as the act with the highest expected utility beforehand.

The results indicate that LCUP has the highest expected utility values and highest standard derivation, and DN has the lowest expected utility values and lowest standard derivation.