Expected Utility Calculator

Two mutually exclusive and exhaustive outcomes; averages user-supplied utility values. Does not estimate a utility function.

Your workbenchInputs are not stored

Result

Enter your values and run the tool to see your result.

Check the units, enter your values, and run the tool. Results follow the assumptions and method below.

Expected utilityprobability*utilityA+(1-probability)*utilityB

Expected payoffprobability*payoffA+(1-probability)*payoffB