Examlex
What is the appearance and texture of a medium-rare grilled lamb chop?
Income
Receipts garnered on a habitual basis as a result of engaging in work or investment.
Von Neumann-Morgenstern
A theory of expected utility which provides axioms for how rational individuals make decisions under uncertainty.
Utility Function
A mathematical representation of how different bundles of goods or services are valued by an individual or entity for satisfaction or utility.
Expected Utility
A theory in economics that calculates the anticipated utility resulting from different choices, taking into account the likelihood of various outcomes.
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