Examlex
The CCS Profile is used to
Expected Utility Function
A mathematical representation of a decision-maker's preferences concerning uncertain outcomes, factoring in the utility of each outcome and its probability.
Utility Function
A formulation used in economics to depict how different combinations of goods or services yield varying levels of happiness or utility to an individual.
Risk Neutral
A description of an individual or entity that does not show a preference for risk, valuing all investments purely by their expected return without concern for their risk.
Risk Averse
A description of an individual or entity that prefers outcomes with lower uncertainty and is less likely to engage in actions with uncertain outcomes.
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