Pearson eText Economics of Money, Banking and Financial Markets, The, Business School Edition -- Instant Access (Pearson+)
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Chapter 7, Problem 6LO
To determine

Reasons as per behavioral finance which says that the efficient market hypothesis may not hold.

Concept Introduction:

Efficient Market Hypothesis: It states that it is impossible to beat the market because price of the stocks reflects all the relevant information which may impact its value.

Behavioral Finance: It is a branch of finance which studies the investor market behavior that derives from psychological principles of decision making, to explain why people buy or sell stocks.

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