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Define Risk

question 17

Essay

Define risk.Give an example of a risk-free investment and explain why you claim it has no risk.Give an example of a risky investment and explain why you claim the investment to be risky.


Definitions:

Milgram's Study

A psychological experiment conducted by Stanley Milgram in the 1960s to measure individuals' willingness to obey authority figures, challenging personal conscience.

Obedience To Authority

The psychological mechanism that links an individual's action to the instructions or directives given by an authority figure, often studied in the context of how people can commit extraordinary acts under the influence of authority.

Shock Plate

A device used in psychological experiments to deliver an electric shock to an animal or human subject.

Obedience

The act of following orders or directions from a figure of authority.

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