Examlex
Define fiduciary and discuss its effect on a contract.
Expected Monetary Value
This calculates the predicted value of a financial decision by weighing possible outcomes by their probabilities and summing the results.
Additional Information
Data or details provided that supplement the main information, offering more context or depth.
Prior Probabilities
The probabilities assigned to events or hypotheses before any empirical data is taken into account.
Posterior Probabilities
Probabilities that are updated after considering new evidence, often used in Bayesian statistics.
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