Examlex
Which data type is a discharge summary?
Risk Aversion
A preference for certainty over uncertainty, where an individual prefers outcomes with lower risk and potentially lower returns.
Expected Winnings
The average amount one can expect to win or lose from a gamble or game, calculated by multiplying each possible outcome by its probability and summing the results.
Hyperbolic Discounting
A cognitive bias where people tend to prefer smaller, immediate rewards over larger, delayed rewards, affecting decision-making.
Exponential Discounting
A process or model that describes how future benefits or costs are valued less as they are further in the future.
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