Definition:Objective Unknown/Examples

Examples of Objective Unknowns

Examples of objective unknowns include:

• The fall of a coin in a game of coin-tossing

• The number selected by the spin of a roulette wheel (hence the term roulette lottery)

• The blind selection of a ball from an urn.

Sources

• 1991: Roger B. Myerson: Game Theory ... (previous) ... (next): $1.2$ Basic Concepts of Decision Theory