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If each of the approximately 320,000 securities and financial service agents in the United States bet on whether the market would go up or down for each of the next 10 years by flipping a coin, we would expect that approximately 312 agents would have been right 10 years in a row. This example suggests that:
Groupthink
A mental effect found in a group setting where the preference for unity or agreement leads to illogical or ineffective choices.
Cohesiveness
The measure of the bond or strength of the relationships uniting the members of a group or team towards a common objective.
Pay Equity
The concept of ensuring equal pay for work of equal value, aimed at eliminating gender and other discriminatory pay gaps.
Common Identity
The shared traits, characteristics, or belonging that unites individuals within a group, fostering a sense of solidarity.
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