The Expected Value of an Option

question 48

Multiple Choice

The expected value of an option:

• A) provides an estimate that is independent of the likelihood of reaching the action's desired outcome
• B) can be calculated as a value independent of the action's consequences
• C) is calculated as the utility of the likely outcome of the action multiplied by the probability of reaching that outcome
• D) is negative if the likelihood of success with the action is extremely low

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Definitions:

Serotonin

A neurotransmitter in the brain that regulates mood, appetite, and sleep, among other functions, and is associated with feelings of well-being and happiness.

Polysomnography

A comprehensive sleep study used to diagnose sleep disorders, monitoring brain, heart, lung, and muscle activity during sleep.

Restless Legs Syndrome

A neurologic disorder characterized by an uncontrollable urge to move the legs, usually due to an uncomfortable sensation; typically occurs during periods of inactivity or at night.

Obstructive Sleep Apnea (OSA)

A disorder characterized by repetitive episodes of blocked breathing during sleep, often resulting in reduced oxygen levels.