Examlex
The author believes that it is possible to purposely create what we select to see.
Expected Value
A calculated average of all possible values of a random variable, weighted by their probabilities of occurrence.
Payoffs
The returns or benefits received as a result of an action or investment.
Expected Value
The anticipated value or average outcome of a random variable, taking into account all possible outcomes weighted by their probabilities.
Probabilities
A measure expressing the likelihood of occurrence of a given event, typically defined on a scale from 0 to 1, where 0 means the event cannot occur and 1 indicates certainty.
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