The ________ the utilities from each possible outcome of a situation weighted by the probability of that outcome is called expected utility.
A) sum of
B) difference in
C) change in
D) product of

Question

Quizplus · Accepted Answer

The expected utility is calculated by taking the sum of the utilities from each possible outcome of a situation, each weighted by the probability of that outcome occurring.

The ________ the Utilities from Each Possible Outcome of a Situation