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If a defendant claims the privilege of public necessity, the defendant does not have to pay for damages caused to the plaintiff.
Court Costs
The expenses associated with legal proceedings, including filing fees, attorney fees, and other litigation costs.
Expected Monetary Value(EMV)
A calculation used in decision-making under risk, representing the sum of possible outcomes weighted by their respective probabilities and monetary impacts.
Expected Opportunity Loss Decision
A decision-making approach that minimizes the expected loss due to not choosing the best option under uncertainty.
State of Nature
A term used in decision theory and statistics to refer to the actual but unknown condition or outcome of a particular phenomenon.
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