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A child is sitting on the outer edge of a merry-go-round that is 18 m in diameter.If the merry-go-round makes 8.3 rev/min,what is the velocity of the child in m/s?
Von Neuman-Morgenstern
Refers to the theory of expected utility, formulated by John von Neumann and Oskar Morgenstern, which addresses choices made under conditions of risk.
Expected Utility Function
A mathematical expression that represents a consumer's preference for uncertain outcomes, weighting each outcome by its probability of occurrence.
Von Neuman-Morgenstern Utility Function
A utility function that accounts for the existence of risk and uncertainty, allowing for the calculation of expected utility.
Wealth
The total value of all assets owned by an individual, community, company, or country, minus any liabilities.
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