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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
/ɪkˈspɛktɪd juːˈtɪlɪti hʌɪˈpɒθɪsɪs/
/ɪkˈspɛktəd juˈtɪlədi haɪˈpɑθəsəs/
Categories
economic theory
decision theory
hypothesis