Examlex
A ______________ joint allows free movement where two bones meet.
Probability
A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).
Expected Utility Function
A concept in economics that represents an individual's preference for certain outcomes over others, calculated as a weighted average of the utility of all possible outcomes, based on their probabilities.
Utility Function
In economics, a mathematical representation that ranks individuals' preferences over sets of goods and services, indicating the level of satisfaction or utility they obtain.
Risk Neutral
A risk neutral person or entity is indifferent between choices with different levels of risk, focusing solely on the expected outcome without concern for the variability of returns.
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