Which of the Following Is Not a Problem Associated with Computer

question 41

Multiple Choice

Which of the following is not a problem associated with computer simulations in geology?

• A) Assumptions and simplifications must be used.
• B) Computers cannot calculate quickly enough to make up for the vast time span involved in geologic processes.
• C) Computers may not have enough memory to account for all the necessary variables in the calculations.
• D) Mathematical formulas are an uncertain way to measure the real-world phenomena.

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Definitions:

Expected Utility

A strategy in economics and game theory where individuals choose the option with the highest expected benefit, taking into account all future outcomes.

Risk-neutral

Refers to a mindset or condition where an individual or entity is indifferent to risk when making investment decisions, focusing instead on the potential returns without giving additional weight to the possibility of loss.

Expected Utility

a theory in economics that quantifies how choices are made when outcomes are uncertain, aiming to maximize the expected utility rather than merely the expected monetary value.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer receives from consuming one more unit of a good or service.