SUBJECTIVE-EXPECTED UTILITY (SEU)

It is a supposed value that many people may compute when they have many choices in front of them is subjective expected utility. To prefer one thing over another by seeing the utility of its outcomes.

SUBJECTIVE-EXPECTED UTILITY (SEU): "Instead of making a plan for trip, a middle class man goes for doing a grocery when he gets salary is subjective expected utility."
Cite this page: N., Pam M.S., "SUBJECTIVE-EXPECTED UTILITY (SEU)," in PsychologyDictionary.org, April 13, 2013, https://psychologydictionary.org/subjective-expected-utility-seu/ (accessed January 17, 2020).
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