If the probability is more important, they will tend to choose the option with the higher probability for the desirable outcome, or the option with the lower probability for the undesirable outcome. This means that people maximize their utility based on their perceived importance of probabilities ...
To test our argument, we conducted an experiment in which we asked the participants to decide between two uncertain outcomes. The results support our claim that the importance of the probability and the importance of the outcome affect the choice between two risky alternatives. 展开 关键词:...
A coin that is tossed will land heads or tails, and each outcome has equal probability. What is the probability that the coin will land heads at least once on two tosses? 选项: A、1/4 B、1/3 C、1/2 D、2/3 E、3/4 答案:
What Is Probability in Financial Modeling? Probability in financial modeling is used to determine the likelihood of an outcome. In financial modeling, it is most often used to determine the possible loss or return of an investment or an asset. How Are Options Priced? There are a few ways to...
The result or outcome of an act or process What was the conclusion of all these efforts?. Outcome (probability theory) The result of a random trial. An element of a sample space. Three is a possible outcome of tossing a six-sided die. Conclusion A judgment or decision reached after delib...
For the game above, you have a 5/6 probability of winning nothing. The value of this outcome is -2 since you spent $2 to play the game. A six has a 1/6 probability of showing up, and this value has an outcome of 8. Why 8 and not 10? Again we need to account for the ...
Outcome (probability theory) The result of a random trial. An element of a sample space. Three is a possible outcome of tossing a six-sided die. Result (Mathematics) The quantity or expression obtained by calculation. Outcome (education) The anticipated or desired results or evidence of a lea...
Empirical probability uses the number of occurrences of an outcome within a sample set as a basis for determining the probability of that outcome.
Probability has a popular meaning that is not the same as the mathematical meaning. As a small-business owner, you may act on hunches, guesses and instincts. After such actions, you might even say you thought a certain outcome was "probable." Previous Pause Next Rewind 10 seconds Move ...
a. The probability of an outcome can be 2/1. b. The probability of an outcome can be 0. c. If an outcome is sure to happen, the probability of the outcome is 1. Responses: a. False b. True c. True The Big Idea Probability, which is the value assigned to the likelihood of an...