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For many people, the most straightforward way to argue for or against guns is through some form of Kantian theory: judging a gun policy by its balance of good and bad effects, everyone considered.
Treasury Bills
Short-term government securities with maturities of one year or less, sold at a discount to their face value.
Market Efficiency
A concept in financial economics that describes how well market prices reflect all available information, leading to assets being properly priced and markets allocating resources efficiently.
Financial Decision Maker
An individual or group responsible for making investment, financing, and dividend decisions within an organization.
Expected NPV
Projected Net Present Value; an estimation of a project's current value based on expected future cash flows discounted at the project's cost of capital.
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