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Expected Utility


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Quotes of the day:

Not all treasure is silver and gold, mate.

— Johnny Depp, Pirates of the Caribbean

Expected utility is an economic term summarizing the utility that an entity or aggregate economy is expected to reach under any number of circumstances. The expected utility is calculated by taking the weighted average of all possible outcomes under certain circumstances, with the weights being assigned by the likelihood, or probability, that any particular event will occur.

Expected Utility and Risk Preferences
Expected Utility and Risk Preferences
Title
Expected Utility and Risk Preferences
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11:10
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6,170
Date posted
Sep 22, 2020
Economics of Insurance: Expected Utility, Actuarially Fair Premium
Title
Economics of Insurance: Expected Utility, Actuarially Fair Premium
Runtime
11:10
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91,582
Date posted
May 9, 2014
Risk Aversion and Expected Utility Basics
Title
Risk Aversion and Expected Utility Basics
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21:45
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102,604
Date posted
Nov 24, 2017

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