theory of rational choice under risk
C6851
concept
A theory of rational choice under risk explains how individuals should make decisions among uncertain outcomes by systematically comparing the expected utilities of available options, given their probabilities and the decision-maker’s preferences.
All labels observed (2)
| Label | Occurrences |
|---|---|
| theory of choice under risk | 1 |
| theory of rational choice under risk canonical | 1 |
Description generation (CDg)
The one-sentence description above was generated by prompting gpt-5.1 with the class name and this instruction.
Instruction
generate a one-sentence description for a given conceptual class. # Response Format Return only the sentence: "Description: [one-sentence description of the conceptional class]"
Input
Class: theory of rational choice under risk
Generated description
A theory of rational choice under risk explains how individuals should make decisions among uncertain outcomes by systematically comparing the expected utilities of available options, given their probabilities and the decision-maker’s preferences.
Instances (2)
| Instance | Via concept surface |
|---|---|
|
expected utility theory (with John von Neumann)
surface form:
expected utility theory
|
— |
|
prospect theory
surface form:
Prospect theory
|
theory of choice under risk |