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At college,the physics professor could not sense that students in class did not understand the material being presented in the lecture,he continued with his lesson,oblivious to the fact that the students were becoming more and more confused.This exemplifies the professor's poor _______ in action.
Percentage
A percentage is a way of expressing a number as a fraction of 100.
Expected Utility
The sum of the utilities coming from all possible outcomes of a deal, weighted by the probability of each occurring.
Risk-loving
An inclination to engage in behaviors or decisions that involve exposure to uncertainty, with the potential for higher rewards.
Expected Value
The sum of the payoffs associated with each possible outcome of a situation weighted by its probability of occurring.
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