Examlex
What term do psychologists use for the phenomenon that occurs when people are less likely to aid a person in trouble if there are other people around who are also potential helpers?
Expected Value
The mean of all potential outcomes of a random variable, adjusted according to their individual probabilities of occurrence.
Dipstick
A tool used for measuring the quantity of a liquid in a tank or container, commonly used for checking oil levels in engines.
Sealed-Bid
A bidding process where all bids are submitted confidentially to the auctioneer with no bidder knowing how much others have bid.
Lemons
In the context of economics, refers to products of lower quality that are difficult to distinguish from higher quality products before purchase. In a general context, it's a citrus fruit.
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