| 21. | Or should I stick with expected value in all circumstances?
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| 22. | The best choice would be to accurately estimate the expected value of your outcomes.
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| 23. | The program has an expected value of $ 1.5 billion.
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| 24. | You are correct that these are best viewed as averages, more precisely expected values.
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| 25. | The main difference between the two methods is how the expected values are derived.
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| 26. | Thus, the buyers expected values are independently and identically distributed.
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| 27. | This signal can then be used to update the expected value of that action.
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| 28. | Hence the expected value of a measurement of the position of the particle is
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| 29. | The second follows directly from the definition of expected value.
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| 30. | If the uncertainty is uniformly distributed, then expected utility maximization becomes expected value maximization.
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