Examlex
The probability for which a decision maker cannot choose between a certain amount and a lottery based on that probability is the
Stratification
The arrangement or classification of society into different layers or classes based on factors like wealth, income, race, education, and power.
1700s
The 1700s, or the 18th century, was a period marked by significant political, cultural, and scientific developments, including the Enlightenment and the start of the Industrial Revolution.
Gini Index
A measure of income inequality. Its value ranges from 0 (which means that every household earns exactly the same amount of money) to 1 (which means that all income is earned by a single household).
Household
A household consists of one or more people who live in the same dwelling and share living accommodations, which could include families, roommates, or individuals living alone.
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