When Investors Are Not Capable of Making Superior Investment Decisions

question 106

Multiple Choice

When investors are not capable of making superior investment decisions on a continual basis based on past prices or public or private information, the market is said to be:

• A) weak-form efficient.
• B) semistrong-form efficient.
• C) strong-form efficient.
• D)fundamentally efficient.

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Definitions:

Episodic Memory

The memory of autobiographical events (times, places, associated emotions, and other contextual knowledge) that can be explicitly stated.

University of Toronto

A public research university in Toronto, Ontario, Canada, known for its historic contributions to higher education and research.

1981 Motorcycle

A motorcycle produced in the year 1981, often regarded for its vintage value and characteristics specific to the era's design and technology.

Retrograde Amnesia

An inability to recall events that happened or knowledge acquired prior to sustaining an injury or the beginning of a disease.