Examlex
If the wage rate increases, the substitution effect is for a person to work less and the income effect is for a person to take less leisure.
Risk-Free Asset
A financial commitment that ensures a guaranteed profit without the possibility of monetary loss, often symbolized by state-issued bonds.
Expected Return
The weighted average of the probable returns of an investment, considering all possible scenarios.
Standard Deviation
A numerical indicator used in statistics to represent the extent of scatter among data points.
Standard Deviation
A statistical measure that indicates the extent of deviation for a group as a whole, showing how much variation or dispersion exists from the average.
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