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Display titleExpected utility hypothesis
Default sort keyExpected utility hypothesis
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Page creatorimported>JOpenQuest
Date of page creation15:20, 6 February 2024
Latest editorimported>JOpenQuest
Date of latest edit15:20, 6 February 2024
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The expected utility hypothesis is a foundational assumption in mathematical economics concerning decision making under uncertainty. It postulates that rational agents maximize utility, meaning the subjective desirability of their actions. Rational choice theory, a cornerstone of microeconomics, builds...
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