Expected utility is an economic term summarizing the utility that an entity or aggregate economy is expected to reach under any number of circumstances.

In recent attempts at deriving morality from rationality expected utility theory has played a major role. In the most prominent such attempt, Gauthier's Morals by Agreement, a mode of maximizing ...

Rabin (Econometrica 68 (5): 1281-1292, 2000) argues that, under expected-utility, observed risk aversion over modest stakes implies extremely high risk aversion over large stakes. Cox and Sadiraj ...