TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ESPERANCE UTILITE [1 record]

Record 1 2001-08-28

English

Subject field(s)
  • Decision-Making Process
  • Economic Planning
CONT

If the utility of some object to you is different from its price, then surely your behavior should attempt to maximize not expected value in dollars but expected utility.

CONT

The subjective probability approach ... leads to the same decision rule ...: choose the project with the highest expected utility.

French

Domaine(s)
  • Processus décisionnel
  • Planification économique
OBS

Les choix ouverts sont [...] classés d'après leur espérance d'utilité [...] Cette approche intuitive peut se formaliser : von Neuman a montré que, si on imposait à un critère de choix entre des loteries certains axiomes, d'apparence naturelle, celui-ci [sic] revenait à fonder les choix sur l'espérance mathématique d'une certaine fonction d'utilité des gains.

Spanish

Campo(s) temático(s)
  • Proceso de adopción de decisiones
  • Planificación económica
DEF

Medida del bienestar que posiblemente pueda obtener un consumidor a partir del rendimiento incierto de beneficios de un activo que posea.

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