Examlex
The theory of cognitive dissonance is based on the premise that people have a need for order and consistency in their lives and that a state of tension is created when beliefs or behaviors conflict with one another.
Risk-Free Asset
An investment with a guaranteed return, with no risk of financial loss, typically represented by government bonds.
Harry Markowitz
He is an economist renowned for his pioneering work in portfolio theory, establishing the basis for modern portfolio management with his concepts of diversification and risk-return optimization.
Nobel Prize-Winning
Recognition awarded for outstanding contributions in fields like Physics, Chemistry, Medicine, Literature, Peace, and Economic Sciences.
Efficient Portfolios
Investment portfolios designed to achieve the highest possible return for a given level of risk.
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