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Random assignment is when each participant is assigned alphabetically to each condition.

Understand the concept of yield to maturity (YTM) and how it is calculated for bonds.
Calculate the current yield of a bond based on its market price and coupon rate.
Differentiate between real and nominal rates of return and understand how inflation affects these rates.
Understand the relationship between bond prices and market interest rates.

Definitions:

Heuristic Thinking

A mental shortcut that allows individuals to solve problems and make judgments quickly and efficiently.

Functional Fixedness

Functional fixedness is a cognitive bias that limits a person to using an object only in the way it is traditionally used, hindering the ability to see alternative uses or solutions.

Flexibility

The ability to adapt to new, different, or changing requirements and situations.

Inner Motivation

The drive to engage in an activity for its own sake and personal rewards, rather than for some external rewards or pressures.

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