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Both Parsimony Methods and Distance Methods Can Be Quite Effective

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Essay

Both parsimony methods and distance methods can be quite effective in inferring evolutionary history. Compare the assumptions, shortcomings, and methods of each.


Definitions:

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.

Risk-Bearing

The assumption of the risk and uncertainty involved in an enterprise or investment.

Frank Knight

An influential economist known for his work on risk, uncertainty, and the role these factors play in the economy.

Henry George

An American economist and social reformer of the 19th century known for his advocacy of a "single tax" on land to improve social equity.

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