Act Utilitarianism Rejects the View That Actions Are Right or Wrong

question 107

True/False

Act utilitarianism rejects the view that actions are right or wrong in themselves.

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Definitions:

Expected Utility

A theory in economics that calculates the utility of an individual or entity based on the likelihood of different outcomes, combining both the value of outcomes and their probabilities.

Utility

A measure of satisfaction or happiness that consumers receive from consuming goods or services.

Income

The money that an individual or business receives in exchange for providing a good or service or through investing capital.

Risk-neutral

Refers to individuals or entities that are indifferent between choices with varying levels of risk, focusing solely on the possible outcomes' expected values.