Examlex
Which school of psychology stated that consciousness developed in humans because it serves a useful purpose
Expected Value
In statistics and probability theory, the average result of a random variable, computed as the weighted average of all possible values.
Expected Utility
A theory in economics that assesses options under uncertainty, predicting choices that maximize utility based on expected outcomes.
Marginal Utility
The added satisfaction that a consumer gains from consuming one more unit of a good or service.
Risk-averse
A characteristic of individuals or entities that prefer to avoid risk in investment choices, opting for safer, less uncertain options.
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