Examlex
What do the , , and tags have in common?
State of Nature
A term often used in decision theory and statistics to describe scenarios or conditions that are beyond the control of decision-makers, such as market trends or natural disasters.
Maximin Criterion
A decision-making principle that suggests choosing the option with the greatest minimum payoff, particularly under uncertainty, to ensure the best worst-case outcome.
Population Trends
Patterns of change in the size, composition, and distribution of human populations over time.
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