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Game Theory 101 (#51): Expected Utility Transformations
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Game Theory 101 Full Course - Game Theory 101 (#51): Expected Utility Transformations

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  • 13.5 hours of video
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Expected utilities are tools to represent preferences. The relative proportional difference between payoffs is what matters, not the size of the payoffs themselves. Consequently, games where the expected utilities have been transformed by a positive affine function are identical to the original game.

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