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Ethnosemantics Studies How Different Members of Different Linguistic Groups Organize,categorize,and

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Ethnosemantics studies how different members of different linguistic groups organize,categorize,and classify their experiences and perceptions.


Definitions:

Expected Value

In statistics and probability theory, the average result of a random variable, computed as the weighted average of all possible values.

Expected Utility

A theory in economics that assesses options under uncertainty, predicting choices that maximize utility based on expected outcomes.

Marginal Utility

The added satisfaction that a consumer gains from consuming one more unit of a good or service.

Risk-averse

A characteristic of individuals or entities that prefer to avoid risk in investment choices, opting for safer, less uncertain options.

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