Buy Me a Coffee at ko-fi.com

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/