Revision as of 15:58, 22 May 2021 by Wiki admin(talk | contribs)(Created page with "== Definition == '''Expected Utility'''. The subjective weighted average of all possible outcomes for utility, with the weights being assigned by the likelihood, or probabilit...")
Expected Utility. The subjective weighted average of all possible outcomes for utility, with the weights being assigned by the likelihood, or probability, that any particular event will occur [1].