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Re:Expected Utility by hammock on Wednesday June 15, 2016 @03:47PM (#11911636)
>This is the kind of problem you are solving every time you are trying to decide whether or not to take any risky action.

Citation needed. I believe most of the time we are using other heuristics rather than actually calculating some form of expected utility via probabilities.

Re:Expected Utility by zfnsgmdydmy on Wednesday June 15, 2016 @03:52PM (#11911669)
But that's what a heuristic is.