Examlex
Match the person or term with the with the correct description.
-Covenant Chain
Expected Utility
A theory in economics that quantifies how individuals choose between probabilistic scenarios with different outcomes, based on their predicted utility.
Utility Function
A mathematical representation of how different bundles of goods or services relate to an individual's level of satisfaction.
Poker Hand
A combination of five cards that are ranked based on specific game rules used in the game of poker to determine the winner.
Recession Risk
The probability of an economy experiencing a period of negative growth, leading to a decrease in employment, income, and production.
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