This paper considers the decision maker whose evaluation and consequent choice of actions is accomplished through the use of the expected utility hypothesis. In cases where the utility function is ...

The construction of a multiattribute utility function is an important step in decision analysis. One of the most widely used conditions for constructing the utility function is the assumption of ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...