On the Way Home from Work, You Decide to Explore

question 92

Multiple Choice

On the way home from work, you decide to explore a side street that you have passed on several occasions. You are surprised to find that it runs parallel to the expressway. Several weeks later, there is a major accident on your usual travel route so you take this alternate route home. This is an example of ________ learning.

• A) discrimination
• B) latent
• C) operant
• D) associative

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Definitions:

Reward-to-volatility Ratio

A measure used to determine the amount of return an investment provides relative to its risk, with higher ratios indicating better performance per unit of risk.

Capital Allocation Line

A graphical representation in finance showing risk-versus-return profiles of different portfolios, emphasizing the efficient diversification of assets.

Excess Return

The return on an investment above the return of a benchmark or risk-free rate.

Treasury-bill Rate

The interest rate determined by the market for U.S. Treasury bills, which are short-term government securities.