Examlex
In what case did the Supreme Court rule that death by electrocution did not violate the cruel and unusual punishment clause?
Risk-neutral
Refers to a mindset or condition where an individual or entity is indifferent to risk when making investment decisions, focusing instead on the potential returns without giving additional weight to the possibility of loss.
Expected Utility
a theory in economics that quantifies how choices are made when outcomes are uncertain, aiming to maximize the expected utility rather than merely the expected monetary value.
Marginal Utility
The additional satisfaction or benefit (utility) a consumer receives from consuming one more unit of a good or service.
Expected Value
The weighted average of all possible values of a random variable, considering the probabilities of each outcome.
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