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Empirical evidence suggests that stock return volatility varies predictably over time.
External Justification
The process of explaining one's behavior with reasons outside of the individual, often to align with societal norms or expectations.
Undesirable Behavior
Actions or conduct deemed inappropriate or unacceptable based on societal norms or individual standards.
Difficult Initiation
The idea that undergoing a challenging process to enter a group can increase an individual's value and loyalty to that group.
Mild Initiation
A procedure in which an individual undergoes a relatively easy or minor ordeal before gaining access to a new group or taking part in an activity, potentially affecting the value placed on the membership or activity.
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