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In Explaining the Power of the Pygmalion Phenomenon, Goethe Wrote

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In explaining the power of the Pygmalion phenomenon, Goethe wrote: "If one treats people like they are, they will never become more; if one treats people like they can be, one raises the species."


Definitions:

Hedger

An individual or entity that enters into a financial contract to offset potential losses or gains in a companion asset.

American Call Option

A type of call option that can be exercised at any time before its expiration date for purchasing an underlying asset at an agreed-upon price.

Predetermined Price

A price agreed upon by all parties in a financial contract or transaction, set before any exchanges are made.

Security

A financial asset signifying either an equity stake in a corporation that's publicly traded (known as stock), a debt investment in a company or government (referred to as a bond), or entitlements to ownership through an option.

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