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Exact(1)
The proposed mechanism aims to maximize expected user surplus, is robust towards selfish user manipulation, and has very low information requirements.
Similar(59)
Why choose acts that maximize expected utility?
If expected utilities are partition-sensitive, then acts that maximize expected utility may be partition-sensitive.
The seller's problem, to maximize expected revenue, consists of maximizing a linear functional over a convex set of mechanisms.
Further questions arise about the plausibility of the normative requirement to maximize expected utility.
Respondents participating in a Discrete Choice Experiment (DCE) are supposed to maximize (expected) utility.
I extend the analysis to agents who maximize expected utility over consumption.
She will maximize expected profits, recognizing that marginal revenue is less than price.
The ability to maximize expected value improved with age.
This contrasts with classical utilitarian approaches, which assume that choices maximize expected utility alone.
A causal version of the problem (1) would require the determination of a resource allocation policy Q that maximizes total expected user utility.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com