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Utility of Wealth
The satisfaction or benefit derived by an individual from accumulating wealth.
Hurricane
A powerful tropical cyclone with heavy rain and winds exceeding 74 miles per hour, typically in the Atlantic Ocean region.
Expected Utility
The anticipated satisfaction or benefit derived from a risky decision or choice, calculated by considering all possible outcomes.
Marginal Utility
Marginal utility is the additional satisfaction or utility gained from consuming one more unit of a good or service.
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