EXPECTED VALUE By N., Pam M.S. - April 7, 2013 The central value of a randomn variable. Also called first moment- population mean. EXPECTED VALUE: "The expected value is the central value." Related Psychology Terms SUBJECT VARIABLE SPECIOUS PRESENT KURTOSIS CONTINUOUS VARIABLE DEMOGRAPHIC PATTERN BIRTH RATE BLOCKING FACTOR CONFOUNDS ECOBEHAVIORAL ASSESSMENT MODERATOR VARIABLE Cite this page: N., Pam M.S., "EXPECTED VALUE," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/expected-value/ (accessed April 18, 2021).