Examlex
Consider the one-factor APT. The standard deviation of returns on a well-diversified portfolio is 19%. The standard deviation on the factor portfolio is 12%. The beta of the well-diversified portfolio is approximately
Western Countries
Nations, predominantly in the Western Hemisphere and Europe, characterized by democratic forms of government, capitalist economies, and liberal social values.
Intense Experiences
Intense experiences are profoundly deep or extreme events that have a significant emotional, psychological, or physical impact on an individual.
Sensation Seeking
The tendency to seek out varied, novel, complex, and intense experiences and sensations.
Risks
The potential for losing something of value or the possibility of an undesirable outcome.
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