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An Extension of the Fama-French Three-Factor Model Includes a Fourth

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An extension of the Fama-French three-factor model includes a fourth factor to measure


Definitions:

Play Interactions

Activities involving one or more individuals engaging in playful actions or exchanges that can facilitate social, emotional, and cognitive development.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of human experience, thought, and emotions.

Behavior

The way a person or animal behaves or responds when influenced by external or internal factors.

Conditioned

Refers to the learned response or behavior that results from the consistent pairing of an originally neutral stimulus with a stimulus that evokes a reflexive response.

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