Examlex
Two common perspectives on attraction are that "birds of a feather flock together" and that "opposites attract." Scientific research on attraction has revealed that
Risk Averse
A description of an individual or entity's preference to avoid uncertainty, often choosing options with more predictable outcomes.
Probability
A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Utility Function
Describes how a consumer ranks different baskets of goods based on the level of satisfaction or utility derived from them.
Expected Utility
A concept in economics that represents a consumer's preference for certain outcomes, quantified as the weighted average of utility over all possible outcomes.
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