expected utility

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Definition of expected utility words

noun expected utility the weighted average utility of the possible outcomes of a probabilistic situation; the sum or integral of the product of the probability distribution and the utility function 0

noun

adjective

verb

adverb

pronoun

preposition

conjunction

determiner

exclamation

A common word. It’s meaning is known to most children of preschool age. About 89% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

This diagram is provided by Google Ngram Viewer

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