Examlex
What is a wiring diagram and what kind of information is provided?
Expected Utility
A theory in economics that calculates the anticipated utility or satisfaction from a decision under conditions of uncertainty.
Utility
An indicator of pleasure or contentment obtained by customers from using products or services.
Risk Averse
A description of an individual's or entity's preference to avoid risk, favoring certainty in investment or economic decisions.
Expected Utility
A concept in economics that calculates the utility expected from different outcomes, taking into account their probabilities.
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