The Point at Which a Person Can Detect a Difference

question 82

Multiple Choice

The point at which a person can detect a difference between "something" and "nothing" is that person's ________ for that stimulus.

• A) adaptation level
• B) absolute threshold
• C) just noticeable difference
• D) differential threshold
• E) sensory adaptation

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Definitions:

Informationally Efficient

A market characteristic where prices fully reflect all available information, making it impossible to consistently achieve higher returns.

Random Walk

A theory suggesting that stock market prices evolve according to a random path and are therefore unpredictable.

Stock Prices

The cost of purchasing a share of a company, reflecting the market's valuation of that company.

Standard Deviation

A measurement that quantifies the variation or dispersion of a set of numerical data points.