The Sum of the Utilities from Each Possible Outcome of a Situation

question 71

Multiple Choice

The sum of the utilities from each possible outcome of a situation weighted by the probability of that outcome is known as

• A) expected utility.
• B) total utility.
• C) marginal utility.
• D) expected value.

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Definitions:

Equilibrium

A state of balance or stability within a system, achieved through the equal action of opposing forces.

Gestalt Law

Principles of the Gestalt psychology movement that describe how humans naturally organize visual elements into whole objects rather than perceiving the parts separately.

Similarity

The state or fact of being alike or having common features or attributes.

Gestalt Law

Psychological principles that describe how humans tend to organize visual elements into groups or unified wholes.