Lottery (probability)
id:
lottery-probability-166-16773563
title:
Lottery (probability)
text:
In expected utility theory, a lottery is a discrete distribution of probability on a set of states of nature. The elements of a lottery correspond to the probabilities that each of the states of nature will occur,. Much of the theoretical analysis of choice under uncertainty involves characterizing the available choices in terms of lotteries. In economics, individuals are assumed to rank lotteries according to a rational system of preferences, although it is now accepted that people make irratio
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Lottery_(probability)
date created:
2011-04-29T01:09:21Z
date modified:
2024-08-30T02:18:19Z
main entity:
{"identifier":"Q6684955","url":"https://www.wikidata.org/entity/Q6684955"}
image:
fields total:
13
integrity:
14