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Expected Value
A statistical measure that calculates the average outcome when the future includes scenarios that may or may not happen.
Payoffs
The outcomes or returns from a particular action, investment, or decision, often used in game theory and economics.
Invest
To distribute funds or resources in anticipation of earning profits or income.
Probability
The quantification of an event's probability as a numerical value ranging from 0 to 1, indicating how likely it is to happen.
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