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ExplainedPhilosophy

Decision Theory: Choosing by Expected Utility

In orthodox normative decision theory, the expected‑utility principle says that under uncertainty you should choose the option with the greatest expected desirability or value. This simple maxim guides much of the field’s analysis of rational choice, forming the core of debates about how agents ought to make decisions when outcomes are uncertain.

Based on publisher excerpts

Stanford Encyclopedia of Philosophy ↗Decision TheoryPublication date unavailable