EXPECTED VALUE By N., Sam M.S. - 6 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 Discrimination and Mental Illness in the LGBT Population A Comparison of Maternal and Paternal Filicide DISCIPLINE (literally, “to learn”) ASTHENIC REACTION (Neurasthenia) Piaget’s Theory of Cognitive Development Counselor's Role in Emergency Teams Evaluation of a Quantitative Study The Relationship Between Sexual Minorities and Mental Health Issues SUBJECTIVE-EXPECTED VALUE SPECIOUS PRESENT Cite this page: N., Sam M.S., "EXPECTED VALUE," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/expected-value/ (accessed January 30, 2023).