Examlex
The mature stage of a thunderstorm includes both updrafts and downdrafts.
Expected Utility
A concept in economics and decision theory that represents the average of all possible outcomes under uncertainty, weighted by their respective probabilities and the utility or satisfaction each outcome provides.
Marginal Utility
The additional satisfaction or benefit a consumer gains from consuming one more unit of a good or service.
Disability Insurance
Insurance coverage that provides income support to individuals who are unable to work due to disability.
Expected Utility
A theory in economics that quantifies how choices are made under uncertainty based on the perceived utility or satisfaction from different outcomes.
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