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  1. expected utility

    • n.
      a predicted utility value for one of several options, calculated as the sum of the utility of every possible outcome each multiplied by the probability of its occurrence.
    • noun: expected utility, plural noun: expected utilities

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    • IPA[ikˈspektəd]
    • n.
      a predicted utility value for one of several options, calculated as the sum of the utility of ...

    Oxford American Dictionary