English Lottery (probability) Cited by user Yungam99 on 14 Dec 2021 In expected utility theory, a lottery is a discrete distribution of probability on a set of states of nature.
English Lottery (probability) Cited by user AthalGolwen on 31 Oct 2021 In expected utility theory, a lottery is a discrete distribution of probability on a set of states of nature.
English Expected utility hypothesis Cited by user Alonso.zagal on 01 Nov 2020 The expected utility hypothesis is a popular concept in economics, game theory and decision theory that serves as a reference guide for judging decisions involving…
English States of the world Cited by user Gbail24 on 27 Apr 2017 From a public economics perspective, states of the world refer to the set of outcomes that are possible in an uncertain future.