Examlex
A logical flow of main points means that it makes sense to present them in a certain order.
Expected Utility
The anticipated satisfaction or benefit received from an outcome, weighted by the probability of different outcomes occurring.
Risk-averse
The preference to avoid risks, favoring safer outcomes over potentially higher but uncertain returns.
Probability
The likelihood or chance of an event occurring.
Expected Utility
A theory in economics that explains how people make decisions under uncertainty, based on the anticipated satisfaction or utility from outcomes.
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