Compare and Contrast the Prototype and Exemplar Theories of Categorization

question 5

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Compare and contrast the prototype and exemplar theories of categorization. How do they differ? How are they similar? Which one most accurately describes how categorization works?

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Definitions:

Index Model

A financial model that relates a stock's returns to the returns of a broader market index, used to estimate the stock's beta and expected returns.

Standard Deviation

A measure of the dispersion or variability of a set of values, widely used in finance to assess the risk associated with a particular investment.

Index Model

A statistical model used to predict stock prices by relating the returns of each stock to the returns of an overall market index.

Standard Deviation

A measure of the dispersion of a set of data from its mean, indicating how spread out the data points are.