Examlex
A probability density function shows the probability for each value of X.
Framed
In psychology, refers to the way information is presented to individuals, influencing their decisions and perceptions based on the context or "frame" used.
Satisficing
A decision-making strategy that involves choosing an option that meets a minimum level of satisfaction rather than the optimal solution.
Satisficing Strategy
A decision-making strategy that aims for a satisfactory or "good enough" solution rather than an optimal one.
Maximizing Strategy
A decision-making approach that involves selecting the best possible option from a set of alternatives to achieve the highest satisfaction or utility.
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