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doi: 10.1073/pnas.121165198

However, an S&P 500 min-vol fund might try to identify low-volatility stocks , but it might be forced to have at least some percentage invested in all 11 sectors, resulting in a portfolio that's not as volatile as the S&P 500 but possibly not as calm as a low-vol fund

Another prime policy example of decreasing negative externalities and internalities is tobacco taxation, which raises the price of tobacco products

Most highly addictive drugs interfere with the brains reward system specifically dopamine to influence users to repeat drug use in an effort to experience pleasure, relaxation, euphoria, and an overall sense of reward. Those who suffer from addiction tend to neglect important life responsibilities in favor of obtaining and using drugs and alcohol