Albert Einstein Once Made the Following Observation About Science

question 162

Multiple Choice

Albert Einstein once made the following observation about science:

• A)"The whole of science is nothing more than the refinement of everyday thinking."
• B)"The whole of science is nothing more than an interesting intellectual exercise."
• C)"In order to understand science,one must rely solely on abstraction."
• D)"In order to understand science,one must transcend everyday thinking."

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Definitions:

Historical Information

Data regarding past events, performance, and decisions in a company or market, used for research, analysis, and strategic planning.

Risk Premium

The additional return expected by an investor for taking on a higher level of risk compared to a risk-free investment.

Treasury Bills

Short-term government securities issued at a discount from the par value and pay no interest before maturing.

Weak Form Efficiency

Refers to a theory in financial economics that suggests all past market prices and data are fully reflected in current stock prices, implying that past price movements cannot predict future stock prices accurately.