Expert Systems Are Expensive and Time Consuming to Maintain Because

question 12

Multiple Choice

Expert systems are expensive and time consuming to maintain because

• A) their rule base is so complex.
• B) they rely on equipment that becomes outdated.
• C) their rules must be reprogrammed every time there is a change in the environment, which in turn may change the applicable rules.
• D) only the person who created the system knows exactly how it works, and may not be available when changes are needed.

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Definitions:

Risk-neutral

An attitude towards risk where an individual does not prefer or avoid risk, being indifferent between a certain outcome and a gamble with the same expected value.

Fair Bet

A gamble or bet in which the expected value of the winnings equals the cost of playing, indicating no advantage for the bettor or the house.

Risk-neutral

A situation or attitude wherein an individual or entity is indifferent to risk when making investment decisions.

Expected Utility

A concept in economics and game theory that predicts the utility an individual can expect when faced with uncertain outcomes.