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One Friend Sending a Message to Many Friends Who in Turn

question 63

Short Answer

One friend sending a message to many friends who in turn send that message to more friends is a phenomenon known as ________.


Definitions:

Expected Utility

A theory in economics that calculates the anticipated utility resulting from different outcomes in risky or uncertain situations.

Utility

(Of a consumer) a measure of the satisfaction derived from consumption of goods and services.

Probability

The measurement of the likelihood of a specific event or outcome occurring.

Insurance Premium

The amount of money that an individual or business must pay for an insurance policy.

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