Examlex
List and describe the three components of intelligent behaviour in Sternberg's triarchic theory of intelligence.
Expected Revenue
The anticipated total income from sales of goods or services, based on expected sales volumes and price points.
Probability
A measure of the likelihood or chance of an event happening, ranging from 0 to 1, where 0 indicates impossibility and 1 indicates certainty.
English Auction
A type of auction where bidders publicly announce their successive higher bids until no higher bid is forthcoming, with the highest bidder winning the item.
Rational Self-Interest
The principle that individuals will make decisions that they perceive to be in their best interest, maximizing their utility or benefit.
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