Examlex
The allocation of one particular cost must satisfy all four justifications of cost allocation.
Signaling
The process by which one party conveys some meaningful information about itself to another party, often seen in contexts like job markets and education.
Risk-Averse
A description of an investor or decision-maker who prefers to avoid risks, favoring safer options over potentially higher but more uncertain returns.
Wealthy
Possessing a substantial amount of money, assets, or valuable resources, significantly above the societal average.
Private Information
Information that is not publicly available and is held privately by individuals or organizations, often leading to asymmetrical information in markets or negotiations.
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