In the Gibson and Walk Study, _____

question 24

Multiple Choice

In the Gibson and Walk study, _____.

• A) one-month-olds did not cross the visual cliff
• B) boys crossed the visual cliff earlier than girls
• C) infants crossed the cliff when their mothers encouraged them to do so
• D) eight out of ten crawling infants refused to cross the visual cliff

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Definitions:

Market Efficiency

A market theory that suggests that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the overall market.

Semistrong-Form Market Efficiency

A theory stating that all publicly available information is already reflected in stock prices, thus making it impossible to achieve consistently higher returns.

Index Fund

A type of mutual fund or exchange-traded fund (ETF) designed to follow the components of a market index, such as the S&P 500, to provide broad market exposure with low operating expenses.

Serial Correlation

The association between successive observations of the same variable, such as stock returns, over time.