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While it may be helpful to include criminal convictions,drug or alcohol addictions,and credit checks in pre-employment screening,this should be done with great care and with the prospective employee's consent.
Expected Value
The long-run average value of repetitions of the experiment it represents, often considered as the mean in probability.
Perfect Information
A situation in a game or economic model in which all participants know all the relevant details, including the actions and payoffs of all players.
Preposterior Analysis
An analysis performed to evaluate the potential worth of a decision or survey before it is conducted.
Prior Probabilities
The likelihood of events or outcomes based on existing knowledge before new evidence is taken into account.
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