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In a study conducted by Jagannathan and Wang,it was found that the performance of beta in explaining security returns could be considerably enhanced by _____________.
I.including the unsystematic risk of a stock
II.including human capital in the market portfolio
III.allowing for changes in beta over time
Individuation
The psychological process by which an individual becomes distinct and independent by differentiating from others, especially from familial and societal norms.
Autonomy
is the capacity and right of individuals to make their own choices and decisions, free from external coercion or constraint.
Differentiation
Process by which cells acquire specialized structures and functions.
Self-Discipline
The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.
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