Between the Years 1993 to 1998, U

question 148

Multiple Choice

Between the years 1993 to 1998, U.S. Senators' stock portfolio outperformed the market by an average of 12% a year. Does this overturn the efficient markets hypothesis?

• A) Yes, because all the relevant information is clearly not embodied in the price.
• B) Yes, because it is inefficient to channel money this way.
• C) No, because Senators are probably trading using nonpublic information.
• D) No, because Senators are unusually smart people.

---

Definitions:

Core Selves

The essential or most integral aspects of an individual's identity.

Identity Theorists

Identity Theorists in philosophy argue that mental states and brain states are exactly the same, in direct opposition to dualism.

Self-Identity

The perception or recognition of one's characteristics, values, and beliefs that define who they are as an individual.

Essential Self

The characteristics that make a person that particular person.