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Which country is NOT a member of the European Union?
Income
The financial gain received by an individual or entity, usually from work, investments, business ventures, or other sources.
Expected Utility Function
A mathematical representation that calculates the overall utility that an individual can attain, based on different outcomes and their respective probabilities.
Sure Payment
A guaranteed payment or financial transaction where the receiver has complete certainty of receiving the specified amount.
Lottery
A form of gambling involving the drawing of numbers for a prize, often used as a method to allocate scarce resources such as green cards or in decision theory as a risk model.
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