Examlex
The Department of Transportation has traditionally used human cadavers to measure the effectiveness of various crash protective devices in automobile collisions.
Event
An occurrence or happening, often of significance and usually a distinct piece of time.
Certainty Equivalent
The guaranteed amount of money that an individual would view as equally desirable to a risky gamble.
Probability
A measure of the likelihood of a certain event or outcome, expressed as a number between 0 and 1.
Expected Utility Maximizer
An economic concept referring to individuals or entities that make choices under uncertainty to maximize their expected level of satisfaction or utility.
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