Expected Value - Graph View A probability-weighted average of all possible outcomes used to make rational decisions under uncertainty. View concept details Related ConceptsProbabilistic Thinking Margin of Safety Outcome Bias Cost-Benefit Analysis Risk-Reward Tradeoff Kelly Criterion Ergodicity Law of Large Numbers Asymmetric Upside Gambler's Fallacy Neglect of Probability Decision Under Uncertainty Expected Utility Theory ← Back to full graph