Outrageously Funny Search Suggestion Engine :: Arbitrement

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What is the definition of Arbitrement? 🙋

👉 In mathematics, an arbitrement is a variable that can take on any value in a set without affecting the solution of a problem. It is often used in probability theory and game theory to represent uncertain outcomes or values. For example, in the game of chance, a gambler might choose an "arbitrarily chosen" number as their initial bet, which could have different probabilities depending on whether they win or lose.


arbitrement

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