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What is the major difference between the Sharpe and Treynor models?
Private Cost
The cost that is borne by the individual who creates it, as opposed to society or others.
College Degree
A qualification awarded to students upon successful completion of a course of study in higher education, often representing a specific level of expertise in a particular field.
Social Optimum
The ideal state of allocation of resources where social welfare is maximized, taking into account all costs and benefits to society.
Fire Extinguishers
Fire extinguishers are active fire protection devices used to extinguish or control small fires, often in emergency situations.
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