Question: Expected utility theory (EU) dates back centuries but plays itself out in modern times in the form of gambles, probabilities and pay-offs. We can detect

Expected utility theory (EU) dates back centuries but plays itself out

Expected utility theory (EU) dates back centuries but plays itself out in modern times in the form of gambles, probabilities and pay-offs. We can detect someone's preferences based on their directly observable behavior as well as inferring from their choices. C True O False

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