Examples of Anomalies Providing Contrary Evidence to the Semi-Strong Efficient

question 57

Multiple Choice

Examples of anomalies providing contrary evidence to the semi-strong efficient market hypothesis include studies of all of the following except

• A) Quarterly earnings reports.
• B) Price earnings ratios.
• C) Total market value.
• D) Stocks ranked by Standard & Poor's.
• E) The January effect.

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Definitions:

Catharsis Hypothesis

The idea that expressing or getting out one's emotions, especially anger, can lead to a reduction in these feelings and promote psychological health.

Relative Deprivation

The perception that we are worse off relative to those with whom we compare ourselves.

James-Lange Theory

A conceptual framework proposing that the feeling of an emotion is a result of prior physiological stimulation.

Adaptation-Level Phenomenon

Our tendency to form judgments (of sounds, of lights, of income) relative to a neutral level defined by our prior experience.