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Expected Utility
Expected Utility
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Definitions
Certainty Equivalent
Certainty Equivalent
Expected Utility
Risk Premium
Gamble
Utility
Economic concept representing the certain outcome that provides the same utility as the expected utility from a gamble.
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Definitions
Expected Utility
Economics
Expected Utility
Risk
Uncertainty
A measure used in economics to denote the anticipated value of an uncertain situation in relation to wealth.
Read more about Expected Utility.
Definitions
Expected Utility
Economics
Expected Utility
Risk
A measure used in economics to denote the anticipated value of an uncertain situation in relation to wealth.
Read more about Expected Utility.
Definitions
St Petersburg Paradox
Paradox
Expected Utility
Decision Theory
Behavioral Economics
An exploration of the St Petersburg Paradox, its origins, and implications in economics.
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Definitions
Uncertainty - Definition and Meaning
Uncertainty
Risk
Expected Utility
Economic Theory
A comprehensive exploration of the economic concept of uncertainty.
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Definitions
Utility Maximization
Economics
Utility Maximization
Microeconomics
Expected Utility
Theory of Choice
Detailed exploration of the concept of utility maximization in economics, including its historical context, definitions, and major analytical frameworks.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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