certainty-equivalent

English - Turkish

Definition of certainty-equivalent in English Turkish dictionary

(Ticaret) belirlilik eşiti

(Ticaret) belirlilik eşitliği

kesinlik eşdeğer

English - English

Definition of certainty-equivalent in English English dictionary

An amount that will be received or spent with certainty An insurance payment is a certainty equivalent since it removes the risk that unexpected amounts will need to be spent 520

An amount that would be accepted in lieu of a chance to receive a possibly higher, but uncertain, amount

The value of a certain outcome that yields the same level of utility as the expected utility of a set of uncertain outcomes