Examlex
The ancient town of Catal Huyuk thrived because it was located in a region that was rich with natural resources.
Equal Probability
refers to the principle that every outcome in a given sample space has the same chance of occurring.
Certainty
The state of being sure or confident about something, often used in decision-making scenarios where outcomes can be predicted with high accuracy.
EMV
Expected Monetary Value; a decision-making tool used in risk management to calculate the average outcome of future events.
Perfect Information
Refers to a situation where all relevant data and outcomes are fully known to all parties involved.
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