Examlex
let F(A) be the predicate "A is a finite set" and S(A, B) be the predicate "A is contained in B." Suppose the universe of discourse consists of all sets. Translate the statement into symbols.
-The empty set is a subset of every finite set.
Insurance
A financial product that provides protection against potential future losses or damages in exchange for a premium.
Wealth
The abundance of valuable resources or material possessions, or the control of such assets that can be used to produce more income.
Expected Utility Function
A mathematical representation of an individual's preference for uncertain outcomes, using probabilities to calculate the expected satisfaction or utility.
Utility Function
A mathematical representation that shows the relationship between the utility or satisfaction a consumer receives and the consumption of various goods and services.
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