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What is the two-factor theory of emotion?
Probability
The likelihood of a particular event or outcome occurring, often expressed as a fraction, percentage, or a ratio.
Expected Income
Expected income is the income a person or entity anticipates receiving over a certain period, based on current or future economic factors.
Utility Maximizer
An economic actor who seeks to get the maximum satisfaction or utility from resources available, under the constraints faced.
Probability
The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1, where 1 indicates certainty.
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