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State of Nature Probabilities
The likelihoods of different possible outcomes or states in a probabilistic model, often used in decision making and forecasts.
Products
Items or services created through a process and offered to a market for consumption or use.
States of Nature
Possible scenarios or outcomes in decision theory, which are not under the control of the decision-maker.
Payoffs
The outcome or benefit received from a decision or action, often used in the context of games or economic transactions.
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