Expected Utility Is the Expected Utility of a Lottery, Gamble

question 16

True/False

Expected utility is the expected utility of a lottery, gamble, or investment, determined by taking a weighted average of the utility of the monetary prizes offered using the associated probabilities as weights.

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Definitions:

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Horizontal Gene Transfer

The exchange of genetic information between single-celled and/or multi-celled organisms that occurs via routes excluding the direct descent of DNA from parents to their progeny.

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