Sentence examples for maximizes expected utility from inspiring English sources

The optimal decision maximizes expected utility.

I present three justifications for using DU: (1) the view that the first generation's preferences should be hegemonic, (2) the viewpoint of a utilitarian Ethical Observer who maximizes expected utility when the existence of future generations is uncertain, and (3) axiomatic justifications (as in classical social-choice theory).

An option is self-ratifying if and only if it maximizes expected utility given its realization.

The migrant maximizes expected utility with respect to savings and remittances.

Given common knowledge of this equilibrium, either pure strategy is a best reply for each agent, in the sense that either pure strategy maximizes expected utility.

In that case an act is not a solution to a decision problem simply because it maximizes expected utility under some accurate representation of the problem.

The option with the greatest expected utility will then simply be that which has the largest expected profit associated with it, and that option, according to the rule of maximizing expected utility, will be the optimal choice.

We also develop decision procedures for selecting request strategies that maximize expected utility under certain scenarios.

Many philosophers have questioned whether the rule of maximizing expected utility represents an adequate or complete guide to decisions, particularly with regard to decisions of an ethical nature.

The rule of maximizing expected utility represents a consequentialist form of reasoning, in which actions are judged solely in terms of their potential outcomes.

Much of modern financial economics works with models in which agents are rational, in that they maximize expected utility and use Bayes' law to update their beliefs.