____________ utility is the probability (expectancy)of satisfaction (utility)for each alternative.
A)Evaluative alternative
B)Subjective expected
C)Anticipated
D)Rational expected
E)None of the answers apply.

Question

Quizplus · Accepted Answer

The concept of subjective expected utility refers to the probability-weighted satisfaction associated with each alternative. It is a useful tool in decision-making as it allows individuals to evaluate the potential outcomes of their choices and select the option that is most likely to result in the highest satisfaction.

____________ Utility Is the Probability (Expectancy)of Satisfaction (Utility)for Each Alternative