Expected utility is the expected utility of a lottery, gamble, or investment, determined by taking a weighted average of the utility of the monetary prizes offered using the associated probabilities as weights.
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Q8: Q9: Risk neutral is a characteristic of an Q10: A probability distribution with a finite number Q11: The distribution that tells us the likelihood Q12: A continuous probability distribution is a probability Q14: Risk averse is a characteristic of an Q15: Variance is a measure that tries to Q16: The hypothesis that states that, when people
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