Market efficiency requires: all investors are rational all the time. all investors are rational in the short term. all investors are rational in the long term. all investors are irrational in the short term. many investors are rational at any point in time. All of the above answers are correct. None of the above answers is correct.
Market efficiency requires: all investors are rational all the time. all investors are rational in the short term. all investors are rational in the long term. all investors are irrational in the short term. many investors are rational at any point in time. All of the above answers are correct. None of the above answers is correct.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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- Market efficiency requires:
- all investors are rational all the time.
- all investors are rational in the short term.
- all investors are rational in the long term.
- all investors are irrational in the short term.
- many investors are rational at any point in time.
- All of the above answers are correct.
- None of the above answers is correct.
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