Examlex
What is a contingent liability? Provide two examples of contingencies.
Noam Chomsky
A linguist, philosopher, and cognitive scientist known for his theory of generative grammar and criticism of behaviorism.
Uncertain Event
An occurrence or outcome that cannot be predicted with total confidence due to the unpredictability of certain factors or information.
Odds Increase
"Odds increase" implies that the probability or likelihood of a specific event or outcome happening is rising.
Gambler's Fallacy
The incorrect belief that future probabilities are altered by past events in a random process.
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