MAURICE ALLAIS
French economist and first French citizen to receive Nobel Prize in Economics award in 1988 for his research on market equilibrium and efficiency, as well as his contribution on understanding market behavior and effective use of resources. Born in 1911, he was awarded the Gold Medal of the National Center for Scientific Research, a prestigious award in France. Also, he developed methods that state-owned monopolies could utilize in setting prices, and discovered and resolved Allais paradox that explains public’s risk management behavior.
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Equalization Payments
Payment the federal government made to an individual, province, or state to offset monetary imbalances between several parts of the country or indi ...
Seller
In the financial industry, a seller may be one of two things. First, it is an entity that may be an individual or a group that exchanges a product ...
SLL
SLL is the abbreviation for the currency in the Republic of Sierra Leone which is the Sierra Leone leone.
Error Term
Margin of error in a statistical and/or mathematical model created when the model fails to fully depict the actual connection between the independe ...
Treasury Bill - T-Bill
Short-term debt obligation with a maturity of less than one year. Backed by the US government, these debts are sold in denominations from $1,000 up ...
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