Sentence examples for maximize their expected from inspiring English sources
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.
Workers maximize their expected present value of utility by deciding which jobs to accept, and employers maximize their profits.
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.
Under widely dynamic SC system conditions, end users can be assumed as intelligent rational decision-makers, and they select a best-response strategy to maximize their expected payoffs.
By using game theory, the results demonstrate that the market players can maximize their expected payoff/profit by undertaking strategies through the price bidding strategy.
In order to thereby maximize their expected fitness, animals must find optimal trade-offs among various intermediate goods, such as nutrition, security from predation and ability to out-compete rivals for mates.
Using feedback-based self-monitoring and distributed learning techniques, game players dynamically adapt to the current UPN situation and effectively maximizes their expected benefits.
One might propose that both players should choose that strategy which maximizes their expected payoff on the assumption they are uncertain as to whether they will be assigned the role of Player 1 or Player 2. This proposal, Skyrms notes, is essentially that of Harsanyi (1953).
In this framework individuals maximize their own expected utility and choose to live in the location that offers the highest expected utility.
The relay nodes are chosen to maximize their own expected secure data rates accordingly.
Furthermore, it incorporates two basic assumptions: first, the rationality assumption, that is, the players are rational so that they always choose strategies that maximize their individual expected payoffs.
