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Nokuthando was visiting a friend in New York City when terrorists destroyed the World Trade centre on 9/11. Ever since this experience, she has felt anxiety about going to the upper level floors of tall buildings. As an existentially oriented therapist, you might conclude that:
Standard Deviation
A statistical measure that quantifies the variation or dispersion of a set of data values.
Risk-averse
Refers to the preference of an individual or entity to avoid risk rather than facing it, often choosing options with more predictable and less risky outcomes.
Expected Income
The amount of money one anticipates earning over a certain period, factoring in various possible outcomes.
Expected Utility
A theory in economics that calculates the utility of an individual or entity based on the likelihood of different outcomes, combining both the value of outcomes and their probabilities.
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