Meaning Of The Word Expected utility

Real Dictionary

What's the definition of Expected utility? Find Expected utility meanings, definitions and more at the Real Dictionary online.

Expected utility Meaning

Expected utility Definition
Expected utility Definition

What's The Definition Of Expected utility?

expected utility in British English
noun: the weighted average utility of the possible outcomes of a probabilistic situation; the sum or integral of the product of the probability distribution and the utility function

More Definitions

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Definitions Of The Day

  • Tai ‐ a subbranch of the Sino-Tibetan language family…
  • Manila grass ‐ a compact, shade-tolerant, turf-forming grass…
  • Bodacious ‐ outstanding in a showy way; splendid; adjective:…
  • Pocatello ‐ noun: a city in SE…
  • Blackcock ‐ noun: the male of the…
  • Aisne ‐ river in N France, flowing into the Oise: 175…
  • Tulipomania ‐ noun: a widespread obsession with tulips, esp…
  • Cmdr ‐ Cmdr is a written abbreviation for commander…
  • Compossibility ‐ noun: the possibility of…
  • LRT ‐ light-rail transit; abbreviation for: light-rail…