From the expected value of a game, we
A)cannot determine the risk.
B)can determine the risk.
C)can determine exactly how much a player will receive.
D)can infer the subjective probabilities of each possible outcome.

Question

Quizplus · Accepted Answer

The expected value of a game gives the average outcome over many trials but does not provide information on the variability (risk) of outcomes, nor does it indicate the exact amount a player will receive in any single game or the subjective probabilities of each outcome.

From the Expected Value of a Game, We