How does expected utility differ from expected values? Why does this difference matter for policy?

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Introduction To Environmental Economics

ISBN: 9780199568734

2nd Edition

Authors: Nick Hanley, Jason Shogren, Ben White

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Question Posted: Feb 15, 2024 07:00 AM

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How does expected utility differ from expected values? Why does this difference matter for policy?

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Expected value and expected utility are both concepts used in economics and statistics but they are different and used in different contexts The expec...View the full answer

Introduction To Environmental Economics

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