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Darwin was influenced by Thomas Malthusʹs writings on
Expected Value
A statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.
Natural Logarithm
A mathematical function denoted as ln(x), representing the time needed to reach a certain level of growth at a constant growth rate of 100%.
Utility Function
A mathematical model that represents consumer preferences by assigning a level of utility, or satisfaction, to different bundles of goods or services.
Probability
An indicator of the probability of an event happening, represented by a value ranging from 0 to 1.
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