Question: The expected utility theory can hold true when _______________________________________________________. The decision maker is able to state a preference for one of two outcomes, or that

The expected utility theory can hold true when _______________________________________________________. The decision maker is able to state a preference for one of two outcomes, or that they are equally preferred The decision maker's preferences are transitive (consistently rank-ordered) The decision maker has a good memory The decision maker is able to state a preference for one of two outcomes, or that they are equally preferred and the decision maker's preferences are transitive (consistently rank-ordered)

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