Sentence examples for of expected utility from inspiring English sources

On a typical understanding of expected utility theory, when two acts are tied for having the highest expected utility, agents are required to be indifferent between them.

The concept of expected utility is used to elucidate decisions made under conditions of risk.

The world would be a much better place if it achieved a state wherein the axioms of economics maximization of expected utility were valid.

Although the concept of expected utility has played an important role in the study of economic behaviour, criticisms have been raised concerning its application to contexts of choice in business and economics.

Such critics thus advocate notions of bounded rationality that are more sensitive to those limitations and make use of evaluative concepts that do not depend on the precise sorts of assessments that are involved in determinations of expected utility.

Maximization of expected utility recommends studying.

Causal decision theory should generalize its principle of expected-utility maximization to handle such cases.

One-boxing is the rational choice according to the principle of expected-utility maximization.

Compelling evidence exists that behavior is inconsistent with the assumptions of expected-utility maximization.

Therefore, the principle of expected-utility maximization makes the same recommendation as does the principle of dominance.

He constructed an example in which the standard principle of dominance conflicts with the standard principle of expected-utility maximization.