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Limitations and Assumptions The Expected Utility Theory (EUT) is based on specific assumptions, including having complete information, consistent preferences, and precise utility functions. However, in
Limitations and Assumptions The Expected Utility Theory (EUT) is based on specific assumptions, including having complete information, consistent preferences, and precise utility functions. However, in international relations, these assumptions may only sometimes be relevant. Geopolitics, culture, and national interests can impact decision-making in ways that do not fit the EUT framework. The Expected Utility Theory is used to make informed decisions on policy options in international relations. However, global politics can be more complex than the EUT suggests, and decision-makers must consider additional factors
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