Examlex
A major party realignment occurred during the initial election of President _________.
Sentiment-based Risk
The risk of making investment decisions based on market sentiment rather than fundamental analysis.
Noise Trader
An investor who makes buy and sell decisions without the use of fundamental data, contributing to market volatility.
Aversion to Ambiguity
Aversion to ambiguity refers to an individual's tendency to avoid choices or decisions when information is unclear or incomplete, reflecting a preference for certainty.
Limits to Arbitrage
The constraints that prevent traders from exploiting price discrepancies in financial markets, thus allowing inefficiencies to persist longer than they would otherwise.
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