Some People Are ________ Who Are Resistant to Change at First

question 18

Short Answer

Some people are ________ who are resistant to change at first but come to see the value of change over time.

Analyze the implications of changes in real interest rates on net capital outflow and the demand for loanable funds.

Understand the basic concepts of self-attribution and explanatory styles.

Recognize the self-serving bias and its effects on personal and situational attributions.

Identify internal versus external causes in the attribution process.

---

Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs, held by an individual or an institution.

Risk Aversion

The preference to avoid uncertainty and potential loss in investment decisions, favoring safer or less volatile investments.

Historical Standard Deviation

It measures the variability or dispersion of historical returns of an investment around its average return over a certain period, indicating the investment's risk level.

Expected Return

The predicted average return on an investment calculated by adding together all possible returns weighted by the likelihood of each occurring.