Examlex
By definition, conflict involves what kind of behaviors?
Risk Averter
An individual or entity that prefers outcomes with less risk and is likely to avoid uncertain prospects in favor of a sure thing.
Expected Value
The weighted average of all possible values of a random variable, considering the probabilities of each outcome.
Natural Log
The logarithm to the base e, where e is an irrational constant approximately equal to 2.71828, often used in mathematics, physics, and engineering.
Risk Averter
An individual who prefers outcomes that are certain over those with any level of risk, usually willing to accept lower returns to avoid uncertainty.
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