Expected utility hypothesis

Rarity: Uncommon

A topic a little better known than average, read and translated beyond its own country.

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What Wikipedia says

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.

Excerpt from the Wikipedia article “Expected utility hypothesis”, under the CC BY-SA 4.0 license. Read the article on Wikipedia