The Maximin Principle Was Conceived By

question 121

Multiple Choice

The maximin principle was conceived by:

• A) Lawrence Summers.
• B) Gary Becker.
• C) Peter Singer.
• D) John Rawls.

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Definitions:

High P/E

A stock with a high price-to-earnings ratio, often indicating expectations of future growth or overvaluation.

Dividend Yields

An economic indicator demonstrating the yearly dividend distribution of a firm in comparison to its share price.

Submartingale

A stochastic process in which the conditional expected value of a future observation, given the past, is at least as great as the present observation, often applied in financial modeling.

Nonrandom Walk

A theory suggesting that stock market prices do not follow a random path but are influenced by past movements and can thus be predicted to some extent.