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What federal circuit is your state in?
Expected Utility
A theory in economics that assesses options under uncertainty, predicting choices that maximize utility based on expected outcomes.
Marginal Utility
The added satisfaction that a consumer gains from consuming one more unit of a good or service.
Risk-averse
A characteristic of individuals or entities that prefer to avoid risk in investment choices, opting for safer, less uncertain options.
Fair Bet
A gambling term where the expected return is equal to the original stake, with no advantage for the house or the bettor.
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