John Wennberg and the Dartmouth Research Group Have Found That

question 82

Short Answer

John Wennberg and the Dartmouth research group have found that geographical variations in ______________________ care demonstrate that a significant amount of the spending is wasted.

---

Definitions:

Market Efficiency

A financial theory stating that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns.

Efficient Capital Market

Market in which security prices reflect available information.

Security Prices

The cost or price of financial instruments such as stocks, bonds, and derivatives, determined by market supply and demand.

Compound Return

The process by which an investment grows over time as earnings from both the principal and the accumulated earnings from preceding periods.