conchis comments on No One Knows Stuff - Less Wrong
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I don't really know the formal definition or theory of expected utility, but it is something which seems to underpin almost everything that is said here on LW or on OB.
Can anyone please point me to a good reference or write a wiki entry?
Are the wikipedia references recommended?
The wikipedia reference is a bit patchy. This Introduction to Choice under Risk and Uncertainy is pretty good if you have a bit more time, and can handle the technical parts.
Thanks conchis.