Expected Value

One concept. Four tiers of command. Which do you speak?

Category: Strategy

Foundational Lexiconaverage outcome
Executive Parlanceprobability-weighted average
Scholarly Discourseprobabilistic expectation
Babel ZenithExpected Value
Origin: Probability Theory

Etymology & Meaning

The average of all possible outcomes weighted by probability.

In the Boardroom

Calculating whether a gamble is worth taking.

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