Hey, John Denis (contributor); Morone, Andrea (contributor); … - 2007
issues, we
presume that all the individuals whose preferences we are eliciting obey Expected Utility theory,
and that we …
choice by L and R, and the Expected Utility of them by EUL and EUR respectively. Then, if there is
5
no noise or error in … assume that the subject calculates the
Expected Utility of the gamble, EUG, according to his or her utility function, and …