Linked from

The 30 pages that link to Expected utility hypothesis, each with the reason it gives.

• Expected valueRelated: It applies expectation to subjective value rather than directly to monetary outcomes.

• Behavioral economicsCompared with: Prospect theory was developed partly to explain violations of its predictions.

• Decision theoryRelated: It gives a central rule for choosing among probabilistic consequences.

• Prospect theoryCompared with: Prospect theory was developed to explain reliable choices that violate this model's predictions.

• Kenneth ArrowRelated: Arrow used axiomatic choice theory to clarify how people can compare uncertain prospects.

• Expected utilityRelated: It applies the decision rule as a model of economic behavior.

• Decision-makingRelated: It models choices when outcomes are uncertain and preferences can be represented by utility.

• Daniel KahnemanCompared with: It supplied the rational-choice benchmark their account of risky decisions challenged.

• Utility functionCompared with: Its utility represents attitudes toward risky lotteries, not merely rankings of certain bundles.

• Bounded rationalityCompared with: Its formal ideal of consistent choice differs from Simon’s emphasis on limited computation.

• Daniel BernoulliBroader topic: Bernoulli introduced diminishing marginal utility to resolve the St. Petersburg paradox.

• Preference relationRelated: It extends preference rankings from certain outcomes to lotteries.

• Risk aversionNarrower topic: It models risk aversion as a consequence of diminishing marginal utility.

• Risk managementCompared with: It models individual choices under uncertainty; risk management also organizes controls and accountability.

• Ordinal utilityCompared with: Expected-utility models require more structure than an ordinary ranking of certain alternatives.

• Behavioral financeCompared with: Prospect theory arose partly to explain choices that expected utility theory does not describe well.

• Loss aversionCompared with: Prospect theory arose partly because observed choices, including loss-sensitive choices, challenged its predictions.

• Oskar MorgensternRelated: The 1944 theory with von Neumann formalized rational choice under uncertainty using this principle.

• Allais paradoxCompared with: The paradox challenges its descriptive adequacy through observed preference patterns.

• Theory of Games and Economic BehaviorRelated: Its axiomatic treatment underpins the book’s account of rational choice under risk.

• St. Petersburg paradoxRelated: It replaces expected dollars with expected utility as the decision criterion.

• Experimental economicsRelated: Risk experiments test whether choices conform to its predictions.

• Financial economicsRelated: It formalizes how risk preferences shape financial decisions.

• Animal spiritsCompared with: It formalizes calculated choices where Keynes emphasized impulses under uncertainty.

• John HarsanyiRelated: Expected utility gives a formal way to represent uncertain outcomes in strategic decisions.

• Lars Peter HansenRelated: It supplies a standard account of preferences used in consumption and asset-pricing models.

• Maurice AllaisNarrower topic: Allais’s decision experiment exposed a conflict between this influential model and common choices.

• Ambiguity effectNarrower topic: The ambiguity effect became notable because Ellsberg choices conflict with its conventional account.

• NeuroeconomicsRelated: It supplies a formal benchmark for studying neural responses to risky options.

• Pseudocertainty effectCompared with: Its consistent evaluation of complete prospects contrasts with preferences that shift under pseudocertain framing.