Examlex
Identify the five main characteristics that affect the diffusion of innovations. Describe each and provide an example.
Expected Value
The long-run average value of repetitions of the experiment it represents, often considered as the mean in probability.
Perfect Information
A situation in a game or economic model in which all participants know all the relevant details, including the actions and payoffs of all players.
Preposterior Analysis
An analysis performed to evaluate the potential worth of a decision or survey before it is conducted.
Prior Probabilities
The likelihood of events or outcomes based on existing knowledge before new evidence is taken into account.
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