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The self-serving bias predicts that, when you do poorly on a test, you will say it's because you didn't study hard enough.
Unsystematic Risk
A type of risk that affects a very specific group of securities or an individual security and can be mitigated through diversification.
Business-Specific Risk
Also known as unsystematic risk, it refers to the risk associated with a specific sector or company.
Diversified Portfolio
An investment strategy that involves spreading investments across various asset classes to reduce risk.
Beta Coefficient
An indicator of the level of fluctuations or systematic risk associated with a particular security or portfolio relative to the overall market.