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Information plays an important role in asset pricing because it allows the buyer to more accurately judge
Defense Mechanisms
Psychological strategies used by individuals to cope with reality and to maintain self-image, often unconsciously.
Reality
The state of things as they actually exist, as opposed to an idealistic or notional idea of them.
Defense Mechanism
Psychological strategies used unconsciously to protect oneself from anxiety or stress by denying or distorting reality.
Projection
A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another person.
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