Examlex
One of the reasons it is difficult to tease apart the specific gene-environment interactions that shape a trait like intelligence is because it is a monogenic trait.
Utility Function
(Of an individual) the total utility generated by an individual’s consumption bundle.
Risk-Averse
A characteristic of individuals who prefer certain outcomes over others with equal or potentially higher expected returns but with more uncertainty.
Income
The financial gain earned or received by an individual or entity, usually through work, investments, or other forms of economic activities.
Expected Utility
A concept in economics and finance that represents the total utility that an entity expects to gain under uncertain conditions.
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