Examlex
____ are used during the installation process for a new device to describe how the installation should be performed.
Probability
A measure of the likelihood that a specific event will occur, often expressed as a number between 0 and 1, where 1 represents certainty.
Von Neumann-Morgenstern Utility Function
A mathematical model that represents an individual's preference structure in a way that allows for measurable utility and decision-making under uncertainty.
Expected Utility Maximizer
An economic agent who makes choices under uncertainty to maximize their expected satisfaction or utility.
Wealth
The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.
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