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Describe the process for making a sound ethical decision.
Personal Risk-Aversion
An individual's degree of unwillingness to accept uncertainty in investment outcomes or financial decisions.
Treynor-Black Model
A portfolio optimization model that blends a passively managed market portfolio with actively managed portfolios to achieve higher risk-adjusted returns.
Active Portfolio
An investment portfolio that is frequently adjusted or traded by managers in an attempt to outperform the market.
Dominant Strategy
A strategy that always provides a better outcome for a player, no matter what the other players do.
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