Examlex
Which of the following concepts refers to efforts to shape the public's attitudes on some issue?
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Wealth
The accumulation of valuable resources and possessions, which can include money, properties, and investments.
Risk Averse
The characteristic of preferring to avoid risk, where an individual or entity would choose a certain outcome over a gamble with a potentially higher, but uncertain, payoff.
Utility Function
A mathematical representation of how a series of choices provides a level of satisfaction to an individual.
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