Examlex
What aspect of the research proposal is not included in the abstract?
Prior Probabilities
The probabilities of different outcomes or hypotheses as estimated before any new evidence or data is taken into account.
Payoff Table
A decision-making tool that summarizes the various outcomes and their respective rewards or costs for different strategies or decisions.
Expected Monetary Value
The predicted value of a financial transaction, taking into account all possible outcomes weighted by their probabilities.
Perfect Information
A condition in decision-making where all relevant information is known to the decision-maker, including outcomes, events, and consequences for every choice.
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