Which Would Be the Best Way to Study a Person

question 17

Multiple Choice

Which would be the best way to study a person phenomenologically?

• A) have the person's behaviour observed by two or more raters
• B) have the person tell you his or her life story
• C) have the person take a self-report test measuring the five traits of the five-factor theory
• D) have the person take a projective test

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Definitions:

Diversification

Reducing risk by investing in several different things, so that the possible losses are independent events.

Pooling

A strong form of diversification in which an investor takes a small share of the risk in many independent events, so the payoff has very little total overall risk.

Risk Reduction

Strategies or actions implemented to minimize the probability or impact of negative events or losses.

Market for Risk

A financial market where individuals and institutions trade financial instruments to manage risk exposure.