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An Example of a Conditional Value Would Be the Payoff

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An example of a conditional value would be the payoff from selecting a particular alternative when a particular state of nature occurs.


Definitions:

Object-Oriented Programming

A programming paradigm based on the concept of "objects", which can contain data and code: data in the form of fields, and code in the form of procedures.

Interactions

Exchanges or communications between components in a program or between users and programs.

Remainder Operator

An operator (usually %) used in programming to compute the remainder of the division of two numbers.

Integer Division

The process of dividing two integers resulting in an integer quotient, discarding any remainder.

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