|
Expectation utilities - Definition and Overview |
| Related Words: Anticipation, Aptitude, Aspiration, Assumption, Assurance, Belief, Chance, Confidence, Conjecture, Conviction, Cool, Demand, Dependence, Design, Desire |
|
|
|
A qualification introduced by Bentham, to distinguish between two different types of utilities, or, rather, sources of utility (for utility, being identical to pleasure, remains always qualitatively the same). Expectation utilities are future-regarding, and thus imply desires and beliefs; "natural" utilities are not. Expectation utilities allow for long-term projects, which provide a higher proportion of utility than the natural utilities favored by those agents that can only pursue their immediate interest.
The notion of 'expectation utility' must not be mistaken for that of expected utility.
|
|
Example Usage of Expectation |
 |
abbielundberg: be happier today: do something nice for someone else with no Expectation of return. |
 |
arresiur: Estou a ouvir: Rolling Stones - No Expectation |
 |
news999: World stocks rise again after Dow hits 2009 high (AP): European and Asian stocks rose further Tuesday as Expectation... http://bit.ly/3fXQ4a |
|
