Examlex
The Advocacy Competencies delineate:
Probability
A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Contingent Commodity Bundles
A theoretical concept in economics, referring to a collection of goods or services whose provision is dependent on specific conditions or states of the world.
Probability
The measure of the likelihood that an event will occur, expressed between 0 and 1.
Expected Utility Maximizer
An economic agent who selects the option with the highest expected utility, reflecting their preferences and risk tolerance.
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