Normative Theories of Rational Choice: Expected Utility

[New Entry by Rachael Briggs on August 8, 2014.] We must often make decisions under conditions of uncertainty. Pursuing a degree in biology may lead to lucrative employment, or to unemployment and
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[New Entry by Rachael Briggs on August 8, 2014.] We must often make decisions under conditions of uncertainty. Pursuing a degree in biology may lead to lucrative employment, or to unemployment and crushing debt. A doctor's appointment may result in the early detection and treatment of a disease, or it may be a waste...

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News source: Stanford Encyclopedia of Philosophy

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