Examlex
What kind of data are recorded continuously from a panel of respondents to measure their exposure to promotional materials (usually TV as well as in-store promotions) and subsequent buying behavior?
Portfolio Risk
The variability of returns from a portfolio of investments.
Utility Function
A mathematical representation that ranks preferences or satisfaction levels individuals derive from consuming goods and services.
Risk Averse
The tendency of individuals or entities to prefer certainty over uncertainty, often choosing safer options over riskier ones to minimize potential losses.
Adverse Selection
A situation where sellers have information that buyers do not, or vice versa, often resulting in a market failure.
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