expected value (EV)
Definition
Statistical concept aimed at helping executives make better decisions under conditions of uncertainty. It focuses on evaluation and qualification of the magnitude and nature of risk associated with a particular outcome, in order to decide if the risk is worth taking. Expected value is computed by adding together the individual expected values for each outcome. See also expected monetary value.
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expected value (EV) is in the Decision Making, Problem Solving, & Strategy, Economics, Politics, & Society and Statistics, Mathematics, & Analysis subjects.
expected value (EV) appears in the definition of the following term: expected value maximization principle
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