Examlex
The average time between trades for a high-frequency trading investment firm is 40 seconds. Assume the time between trades is exponentially distributed. What is the probability that the time between trades for a randomly selected trade and the one proceeding it is less than 20 seconds?
Self-Serving Bias
A common cognitive bias that causes individuals to attribute their successes to internal factors and their failures to external factors.
Self-Fulfilling Prophecy
A belief or expectation that influences behaviors in a way that causes the belief to become a reality.
Projection
A defense mechanism where an individual ascribes their own unacceptable thoughts, feelings, or motives to another person.
Social Responsibility
The duty of individuals, organizations, or governments to act in a manner that benefits society at large, beyond their own interests.
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