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The sum of cognitive,behavioral,and emotional tendencies refers to one's
Sure Payment
A guaranteed financial transaction where the payer is certain to provide the agreed-upon sum to the payee.
Lottery
A form of gambling that involves the drawing of numbers at random for a prize, often analyzed for its economic impact and decision-making under uncertainty.
Probability
A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).
Expected Utility Function
A concept in economics that represents an individual's preference for certain outcomes over others, calculated as a weighted average of the utility of all possible outcomes, based on their probabilities.
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