Tests of Market Efficiency Have Focused on

question 41

Multiple Choice

Tests of market efficiency have focused on

• A) the mean-variance efficiency of the selected market proxy.
• B) strategies that would have provided superior risk-adjusted returns.
• C) results of actual investments of professional managers.
• D) strategies that would have provided superior risk-adjusted returns and results of actual investments of professional managers.
• E) the mean-variance efficiency of the selected market proxy and strategies that would have provided superior risk-adjusted returns.

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Definitions:

Wechsler Adult Intelligence Scale

A widely used test designed to measure a person's cognitive ability or intelligence.

Otis-Lennon School Ability

A standardized test designed to assess the school abilities of students, measuring verbal, quantitative, and spatial reasoning abilities.

Terman-Stanford-Binet Intelligence Scale

An individually administered intelligence test that was revised from the original Binet-Simon Scale by Lewis Madison Terman and others at Stanford University, used to assess human intelligence.

Intelligence Quotient

A numerical measure of a person's cognitive abilities relative to others, typically determined through standardized tests.