The expected utility theory of decision making is grounded in which of the following?
A) Emotion
B) Rationality
C) Context
D) Evidence

Question

Quizplus · Accepted Answer

The expected utility theory of decision making is grounded in rationality, which posits that individuals make choices based on maximizing their expected utility or outcome. It assumes individuals make choices based on weighing the potential risks and gains of an action, and choosing the one that provides the highest probability of a desirable outcome. Emotion, context, and evidence can all be considered factors that influence decision making, but they are not the foundational principle of the expected utility theory.

The Expected Utility Theory of Decision Making Is Grounded in Which