According to Kelly,construct Systems Are Never Perfect

question 53

Multiple Choice

According to Kelly,construct systems are never perfect. When constructs fail us as we try to predict events,

• A)old constructs are selected out of the system.
• B)healthy people fail to consider new information.
• C)new constructs are constantly generated to replace the old ones.
• D)it lessens our ability to predict what will happen the next time.

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Definitions:

Canadian Security

A financial instrument issued in Canada, such as stocks, bonds, or options, that represents an investment in the Canadian market.

Denominated

Indicates the currency in which a financial transaction is specified or an investment is made.

Expected Return

The anticipated average return on an investment under normal conditions, taking into account both the probability of each outcome and the return of each outcome.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs.