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A clinical instructor notices that one of her students worries a lot, expects negative outcomes for most situations, strives for perfection, and seems to look for the tiniest faults in her work. The clinical instructor interprets these behaviors as
Wealth
The total value of all financial assets and physical possessions owned by an individual or entity, minus any liabilities.
Standard Deviation
A statistical measure of the dispersion or variability in a set of data, indicating how much individual data points diverge from the mean value.
Risk Averse
A description of an individual or entity that prefers to avoid risk and would choose a certain outcome over a gamble with a potentially higher, but uncertain, return.
Portfolio
A group of investment vehicles comprising stocks, bonds, commodities, as well as cash and its equivalents, together with mutual funds and ETFs.
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