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What is the amount of standard deduction for Abigale Abrams in 2012, a divorced parent, who fully supports her five-year-old daughter?
Expected Utility
A theory in economics that assesses the utility or satisfaction an agent expects to receive from different outcomes, taking into account their risk preferences.
Less Risk-averse Investors
Less risk-averse investors are those willing to take on greater risks for the potential of higher returns, as opposed to being risk-averse who prefer safer, lower-return investments.
Probability Distribution
A mathematical description of the likelihood of various outcomes from a random event or experiment.
Global Minimum Variance Portfolio
A global minimum variance portfolio is an investment portfolio that is constructed to achieve the lowest possible risk or variance among all possible portfolios of assets.
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