Use the Following Preference Table to Answer the Questions $\quad$

question 76

Essay

Use the following preference table to answer the Questions . $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Number of voters }$
$\begin{array} { l c c c c } & 4 & 6 & 8 & 4 \\\text { First choice } & \mathrm { D } & \mathrm { C } & \mathrm { A } & \mathrm { B } \\\text { Second choice } & \mathrm { C } & \mathrm { B } & \mathrm { D } & \mathrm { A } \\\text { Third choice } & \mathrm { B } & \mathrm { D } & \mathrm { C } & \mathrm { C } \\\text { Fourth choice } & \mathrm { A } & \mathrm { A } & \mathrm { B } & \mathrm { D }\end{array}$
-Who wins using plurality? Could the six voters who most prefer candidate C vote insincerely to change the outcome in a way that would benefit them?

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Definitions:

Volatility

Measures the degree of variation of a trading price series over time, indicating the level of uncertainty or risk associated with the size of changes in a security's value.

Unsystematic Risk

The risk associated with a specific issuer of a security or investment, which can be mitigated through diversification.

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio to minimize the impact of any single investment's performance.

Portfolio Theory

A framework for constructing a portfolio of assets in such a way that it optimizes the balance between risk and return.