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The higher the risk of a project, the higher its risk-adjusted discount rate and thus the lower the net present value for a given stream of cash inflows.
Mental Processes
Internal cognitive operations that include thinking, perceiving, decision-making, problem-solving, and remembering.
Circadian Rhythm
An internal biological clock regulating a variety of physiological processes, including the sleep-wake cycle, over roughly a 24-hour period.
Diurnal
Periodically active during the day and inactive at night.
Ultradian
Describes biological rhythms with cycles shorter than 24 hours, such as the stages of sleep or patterns of hormone release.
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