Examlex
What is the practice of expanding your business and social contacts by constructing a personal network?
Probability
A measure of the likelihood that an event will occur, often represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Utility
A measure of satisfaction, happiness, or benefit that an individual derives from consuming goods and services.
Risk Averter
An individual or entity that prefers outcomes with less risk and is likely to avoid uncertain prospects in favor of a sure thing.
Expected Value
The weighted average of all possible values of a random variable, considering the probabilities of each outcome.
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