What Is an Option? What Is the Difference Between a Call

question 46

Essay

What is an option? What is the difference between a call and put option?

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Definitions:

True Altruism

The act of helping others without expecting any benefits in return, purely driven by the desire to benefit someone else.

Reciprocity Principle

A social norm suggesting that people should return the favor or kindness that others have shown to them.

Egalitarian Principle

The belief in the equality of all people, particularly in political, social, or economic life.

Social Responsibility Norm

A societal rule that people should help those who need assistance and contribute to the greater good.