Examlex
The introduction and conclusion should make up 50% of a speaker's presentation time.
Herbert Simon
An American economist and cognitive psychologist known for his research in the fields of decision-making and artificial intelligence; he is credited with the concept of bounded rationality.
Perfectly Rational
The theoretical concept of making decisions based on complete information and logical, objective analysis.
Government Contract
A legal agreement between a private party and a government agency for goods, services, or projects.
Expected Value
Expected value is a calculated average outcome of a random event, considering all possible scenarios and their probabilities of occurrence.
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