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Substituting $\hat m_i$ into $\sum_{i=1}^I \pi_i \hat m_i [ u(c_i) + \theta \log \hat m_i ]$ gives the indirect utility function
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@@ -701,7 +701,7 @@ which becomes expected utility $\mu_u$ when $\theta^{-1} = 0$.
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The right side of equation {eq}`tom200` is a special case of **stochastic differential utility** preferences in which consumption plans are ranked not just by their expected utilities $\mu_u$ but also the variances $\sigma_u^2$ of their expected utilities.
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## Ex post Bayesian preferences
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## Ex post Bayesian preferences
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A decision maker is said to have **ex post Bayesian preferences** when he ranks consumption plans according to the expected utility function
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