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Expected utility hypothesis

hypothesis that the subjective value of a gamble is the statistical expectation of one’s valuations (which may differ from dollar values) of the gamble’s outcomes

Pronunciation
/ɪkˈspɛktəd juˈtɪlədi haɪˈpɑθəsəs/
/ɪkˈspɛktɪd juːˈtɪlɪti hʌɪˈpɒθɪsɪs/