Examlex
Many Web pages today use ____ -small text files that are stored on your hard drive by a Web server, typically the one associated with the Web page being viewed-to identify return visitors and their preferences.
Utility Function
A utility function is an economic model representing a consumer's preference ranking for various bundles of goods or services, quantifying satisfaction levels.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Wealth
The accumulation of valuable resources and possessions, which can include money, properties, and investments.
Risk Averse
The characteristic of preferring to avoid risk, where an individual or entity would choose a certain outcome over a gamble with a potentially higher, but uncertain, payoff.
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