Probutility of winning = 1 USD
So what is the difference between probutility and “expected utility”? is it just another name for well-known idea? (The comment was edited as at first I read “probutility” as “probability” in your comment.)
Probutility of winning = 1 USD
So what is the difference between probutility and “expected utility”? is it just another name for well-known idea? (The comment was edited as at first I read “probutility” as “probability” in your comment.)