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Abdicrats Are Often the Most Aggressive Members in a Group

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Abdicrats are often the most aggressive members in a group..

Examine how benchmark errors impact the interpretation of CAPM tests.
Assess the impact of market efficiency on the validity of CAPM.
Understand how survivorship bias and other biases affect CAPM and related studies.
Interpret the significance of macroeconomic factors in multifactor models for predicting security returns.

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