Examlex
According to Robert Sternberg's triarchic theory of intelligence, someone who is high in practical intelligence should
Certainty Equivalent
The guaranteed amount of money that an individual would view as equally desirable to a risky gamble.
Probability
A measure of the likelihood of a certain event or outcome, expressed as a number between 0 and 1.
Expected Utility Maximizer
An economic concept referring to individuals or entities that make choices under uncertainty to maximize their expected level of satisfaction or utility.
Utility Function
Depicts how different combinations of goods or services generate levels of happiness or utility for a person or household.
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