Alpha and Beta

In the context of general knowledge, "Alpha" and "Beta" often refer to different stages of development or types of projects. "Alpha" is the initial phase where a concept or product is first tested. It’s typically not fully polished and is used to identify major issues. "Beta," on the other hand, is the next phase where the product is more refined and shared with a broader audience for further testing. It allows for feedback before the final release. In finance, "Alpha" represents excess return over a benchmark, while "Beta" measures a stock's volatility relative to the market.