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Optimal Expectations [PDF]

open access: possibleAmerican Economic Review, 2005
Forward-looking agents care about expected future utility flows, and hence have higher current felicity if they are optimistic. This paper studies utility-based biases in beliefs by supposing that beliefs maximize average felicity, optimally balancing this benefit of optimism against the costs of worse decision making.
Brunnermeier, Markus K   +1 more
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Expectations

Journal of Clinical Psychology, 2010
AbstractPatients' expectations have long been considered a contributory factor to successful psychotherapy. Expectations come in different guises, with outcome expectations centered on prognostic beliefs about the consequences of engaging in treatment. In this article, we define outcome expectations and present assessment methods and clinical examples ...
Michael J, Constantino   +4 more
openaire   +2 more sources

Expecting the expected

2022
The primary principle of managing bipolar disorder in late life involves careful oversight of mood stabilizers and antidepressants. Clinicians must monitor clinical symptoms along with side effects of medications, especially when using lithium, as blood levels and specific metabolic parameters must be followed. Lithium-induced hypercalcemia and lithium-
openaire   +1 more source

Expected Utility and Mathematical Expectation

1987
1. Expected utility theory deals with choosing among acts where the decisionmaker does not know for sure which consequence will result from a chosen act. When faced with several acts, the decision–maker will choose the one with the highest ‘expected utility’, where the expected utility of an act is the sum of the products of probability and utility ...
David Schmeidler, Peter Wakker
openaire   +1 more source

Great expectations

Nursing Standard, 2016
In response to 'When the pressure piles up' (reader's panel, June 1), I am a staff nurse on a surgical ward and under constant pressure. There should be a legal cap of a maximum of eight patients that any nurse should look aft er in a day. I don't get any opportunities to spend quality time with my patients, which is something I should be doing as a ...
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Expected Conditioning

IMA Journal of Numerical Analysis, 1985
The author presents a stochastic analysis for condition numbers of square matrices. The expected condition analysis has desirable properties under scaling transformations, which enables the equilibration of a matrix to be carried out. An optimal scaling enables the best conditioned of all the possible equilibrated matrices to be determined.
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Comparative Expectations

Studia Logica, 2014
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +3 more sources

Unfair expectations

Nursing Standard, 2017
The International English Language Test System (IELTS) exam can be challenging even for native speakers.
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Epidemiological expectations

SSRN Electronic Journal, 2022
Christopher D. Carroll, Tao Wang
openaire   +1 more source

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