No. “Expected value” refers to the expectation of a variable under a probability distribution, whereas “expected utility” refers specifically to the expectation of a utility function under a probability distribution. That is, expected utility is a specific instantiation of an expected value; expected value is more general than expected utility and can refer to things other than utility.
The importance of this distinction often arises when considering the utility of large sums of money: a person may well decline a deal or gamble with positive expected value (of money) because the expected utility can be negative (for example, see the St. Petersburg paradox).
No. “Expected value” refers to the expectation of a variable under a probability distribution, whereas “expected utility” refers specifically to the expectation of a utility function under a probability distribution. That is, expected utility is a specific instantiation of an expected value; expected value is more general than expected utility and can refer to things other than utility.
The importance of this distinction often arises when considering the utility of large sums of money: a person may well decline a deal or gamble with positive expected value (of money) because the expected utility can be negative (for example, see the St. Petersburg paradox).