Examlex
The Hurwicz criterion multiplies the best payoff by the coefficient of optimism.
Assumption of Risk
A legal principle where an individual acknowledges and accepts the potential risks involved in an activity, which may limit their rights to claim damages in the event of injury.
Contributory Negligence
A legal doctrine that can bar or reduce a plaintiff's right to recovery if the plaintiff's own negligence contributed to the harm suffered.
Comparative Fault
A legal principle that reduces the claimant's damages award based on the percentage of their fault in contributing to their own harm.
Abnormally Dangerous
Activities or operations that inherently pose a significant risk of harm to others, regardless of the precautions taken.
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