Expert Systems

question 44

Multiple Choice

Expert systems:

• A)are capable of solving wide ranges of problems.
• B)are based on DO WHILE rules.
• C)lack the general intelligence of human beings.
• D)share characteristics with mainframe computing.
• E)are used for knowledge discovery.

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Definitions:

Expected Utility

A theory in economics that quantifies the usefulness an individual expects to gain from consuming a good or choosing a particular action.

Risk-loving

A preference for or an inclination towards taking high risks in pursuit of high rewards, often in the context of investment or economic decisions.

Risk-loving

A preference for options with uncertain outcomes, rather than those with more predictable results, often with the hope of higher rewards.

Marginal Utility

The supplementary enjoyment or value obtained by consuming another unit of a good or service.