Examlex
People follow social rules and norms because
Subjective Utility
An individual's perceived value or satisfaction obtained from consuming goods or services.
Individual's Willingness
Refers to the level of readiness or eagerness a person has to engage in a particular behavior or action.
Outcome
The result or effect of an action, situation, or event; the consequence or end-result.
Expected Value Theory
A mathematical concept that calculates the average outcome when the future includes scenarios that may or may not happen, widely used in decision-making processes.
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