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 Axiomatic Utility Theory - Economics Dictionary of Arguments
 
Axiomatic utility theory is a framework within economics and decision theory that uses axioms, or fundamental principles, to describe how individuals should rationally make choices under uncertainty. It quantifies preferences over outcomes into a utility function, allowing for the comparison and ranking of different choices based on expected utility, thereby guiding optimal decision-making.
 
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Axiomatic Utility Theory Utility   Utility

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Ed. Martin Schulz, access date 2024-03-28