EXPANSIONARY MONETARY POLICY
Fiscal policy intending to increase country’s money supply, building it higher than demand, then taking advantage of the increased capital to make tax cuts while increasing government spending to trigger spur economic
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Fiscal policy intending to increase country’s money supply, building it higher than demand, then taking advantage of the increased capital to make tax cuts while increasing government spending to trigger spur economic
As standard temperature increases, the related, fractional, measurable increase of a solid in its length (linear expansivity), its area (superficial expansivity), or its volume (volume expansivity).
Citizen of country A living in country B. Classification of this citizen occurs regardless if the citizen has a short stay or an extended or lifetime stay in country B.
Cognitive-psychology-based motivational theory. Proposes that motivation occurs when predicted, conscious expectations of what will occur are realized as a person does specific, planned actions. This is a loop of increasing productivity linked
Consumer attitude theory type proposing consumers ranking of products is based on all of the product’s characteristics. Known also as the fishbein model.
1. In General, this is the belief that something will happen based on a series of actions. 2. In Statistics, this is the likelihood, the average probability, of an unplanned occurrence.
Experience-based mortality-table-calculation of an average person’s number of remaining years of life, as of a certain age.
Mathematical formula calculating potential future interest rates. If the following equation is true: (1 + RLt) squared = (1 + RSt) ( 1 + RS*t+1), given RS is the 1-year interest rate,
A theory of INTEREST RATES indicating that the expectations of investors influence the TERM STRUCTURE of rates. Thus, if investors expect future rates will be higher than current rates, the YIELD CURVE
Statistical prediction on the number of claims that will occur in the contract year. T
The EXPECTED VALUE, or MEAN, of a statistical loss distribution function. The loss distribution function may be created to compute credit losses, INSURANCE losses, or other financial losses.
Total of the weighted payoffs as predicted outcomes related to one decision. The weightings relate to the likelihood, expressed as probabilities, of varied events generating the possible payoff. Mathematically, this is the
Mortality-table-based prediction of the likely, time-bound frequency of illness or injury to a specific group of people.
Mortality-table-based prediction of the likely, time-bound frequency of death in a specific group of people.
The method of predicting the likelihood, on average, of a gain from investing in a particular asset. Varying factors, representing market conditions and perceived asset worth, varies the predicted return.
A formulated, predictive return on an investment to help make a worthwhile investment decision . It is generated by calculating a series of potential results, filtering out unwanted ones by specific conditions,
The weighted average utility value or satisfaction from income or wealth that is derived from a particular activity. Utility is generally used in an economic or theoretical RISK MANAGEMENT framework; precise measurement
(1) The MEAN of a distribution of values that a random variable can take. (2) The value that is obtained given certain possible outcomes and probabilities of occurrence. In financial RISK MANAGEMENT
Decision theory rule: chose the event with the greatest expected value (EV).
A theory of decision making that the expected value (EV) is the cost one willing pays to have access to perfect information.
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