Final answer:
Expected utility theory is an example of normative theories in economics. It suggests that individuals make decisions based on the expected utility or satisfaction they will get from different options. This theory helps explain how people make choices under uncertainty.
Step-by-step explanation:
Expected utility theory is an example of normative theories in economics. Normative theories in economics focus on what should be rather than what is. Expected utility theory is a theory that suggests individuals make decisions based on the expected utility or satisfaction they will get from different options. It helps explain how people make choices under uncertainty by weighing the probabilities and benefits of different outcomes.