Examlex
What do we call the movement, both upward and downward, of one's class position in a society?
Perfect Information
A situation in decision theory and economics where all participants have complete and accurate information about all aspects relevant to their decision-making.
Net Present Value
Net Present Value is a financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.
Expected Value
The long-term average or mean of a random variable or a probability distribution.
Perfect Information
A scenario in which all relevant economic information is known to all participants at the same time.
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