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 Glossary   >   C   >   "Certainty equivalent" Definition   

        Certainty equivalent

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

Certainty equivalent


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


Certainty equivalent : an amount that would be accepted in lieu of a chance to receive a possibly higher, but uncertain, amount.