Examlex
Synesthesia meAnswer:
Risk-Averse
A description of an individual or organization that prefers to avoid uncertainty and is willing to sacrifice some potential gain to avoid risk.
Expected-Utility Maximizer
An economic concept referring to an individual who chooses between uncertain prospects by comparing their expected utilities.
Bet
A wager or gamble where an individual risks a certain amount of money or valuables on the outcome of an uncertain event.
Random Variable
A variable whose possible values are outcomes of a random phenomenon, often used in probability and statistics.
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