Search
Results: 1
Nonhuman Primates Satisfy Utility Maximization in Compliance with the Continuity Axiom of Expected Utility Theory.
Simone Ferrari-Toniolo, Philipe M Bujold, Fabian Grabenhorst, Raymundo Báez-Mendoza, Wolfram Schultz
Jan 12, 2021
Expected Utility Theory (EUT), the first axiomatic theory of risky choice, describes choices as a utility maximization process: decision makers assign a subjective value (utility) to each choice option and choose the one with...