Based on arguments made by Friedman and Fama, which of the following requirements must be fulfilled for noise traders to affect markets in equilibrium?  Select all that apply.      Noise traders must be able to survive economically for a significant period of time     All traders must be risk averse     Technical trading must be profitable at least some of the time     Noise trader behavior must be systematic

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Based on arguments made by Friedman and Fama, which of the following requirements must be fulfilled for noise traders to affect markets in equilibrium?  Select all that apply. 

   

Noise traders must be able to survive economically for a significant period of time

   

All traders must be risk averse

   

Technical trading must be profitable at least some of the time

   

Noise trader behavior must be systematic

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