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expected utility
(redirected from expected utilities)

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expected utility [ek′spek·təd yü′til·əd·ē]
(mathematics)


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49 Equation 3 [FIGURE 5 OMITTED] Based on the expected utilities shown in Figure 5, weapon system 1 appears to be the preferred option due to its higher expected utility, but prior to making a decision, the decision maker should perform sensitivity analysis and consistency checks on the provided data.
The unemployed choose the intensity of their search efforts so as to maximize the discounted sum of their expected utilities.
These policies are analyzed for their effects on the value of national output and for their distributional effects on the discounted lifetime expected utilities of different workers.
 
 
 
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