Examlex
Which of the following represents one of the two golden rules of communication for engineers?
Expected Utility Maximizer
A theoretical concept in economics and decision theory where an individual chooses among risky options by selecting the option with the highest expected utility.
Event
An occurrence or happening, often of significance and usually a distinct piece of time.
Certainty Equivalent
The guaranteed amount of money that an individual would view as equally desirable to a risky gamble.
Probability
A measure of the likelihood of a certain event or outcome, expressed as a number between 0 and 1.
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