Sentence examples for maximum expected utility from inspiring English sources

The maximum expected utility is reached when we set (12).

In order to solve the problem within the framework of maximum expected utility theory, one requires.

According to decision theory, rationality requires you to perform the action of maximum expected utility (if there is one).

Because of these two reasons, it is practically often impossible to apply the maximum expected utility principle.

So even if rationality requires you to perform the act of maximum expected utility when there is one, here there isn't one.

If the maximum expected utility is a convex function of the probability of success, information raises the ex ante expected utility of any risk-averse farmer.

The \(\alpha\ -Maxmin rule, by contrast, recommends taking the action with the greatest \alpha\ -Maxminhted sum of the minimum and maximum expected utilities associated with it.

The relative weights for the minimum and maximum expected utilities can be thought of as reflecting either the decision maker's pessimism in the face of uncertainty or else her degree of caution (see Binmore 2009).

In addition, the tradespace depiction reveals that the traditional cost benefit analysis produced the maximum variance of expected utility and risk, whereas MAFU produced the smallest variance.

The objective is to find an optimization process and stopping time so as to meet certain investment criteria, such as, the maximum of an expected utility value before or at the maturity.

The principle of expected utility does not yield a decision problem's solution, however, if acts of maximum expected-utility change from one partition to another.