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The Gamma of a Cash-Or-Nothing Binary Call Option Is Generally

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The gamma of a cash-or-nothing binary call option is generally when the option is out-of-the-money and generally when it is in-the-money.

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Definitions:

Biologically Endowed

Having natural traits, abilities, or characteristics that are genetically inherited or determined.

Mental Representations

Internal cognitive symbols that represent external reality, allowing individuals to think about objects and events not present.

Structuralism

An approach to psychology that seeks to understand the structure of the mind and its perceptions by analyzing those components most basic to consciousness.

Cognitive Researcher

An expert or professional who studies the mental processes underlying knowledge, thinking, perception, memory, and decision-making.

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