expected utility

noun

statistics the weighted average utility of the possible outcomes of a probabilistic situation; the sum or integral of the product of the probability distribution and the utility function

Nearby words

  1. expectation of life,
  2. expectation sunday,
  3. expectation week,
  4. expectative,
  5. expected frequency,
  6. expected value,
  7. expecting,
  8. expectorant,
  9. expectorate,
  10. expectoration

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012