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Water molecules bind tightly to one another. This is a result of
Von Neumann-Morgenstern Utility Function
A utility function theory based on expected utility, fundamental in making rational decisions under uncertainty, emphasizing outcomes' probabilities.
Probability
The measure of the likelihood that an event will occur.
Expected Utility
A concept in economics and finance that calculates the anticipated utility of different choices, taking into account the various possible outcomes and their probabilities.
Expected Utility Function
A mathematical representation of a decision-maker's preference over uncertain outcomes, emphasizing the expected level of satisfaction or value.
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