When Maurice Kendall First Examined Stock Price Patterns in 1953

question 41

Multiple Choice

When Maurice Kendall first examined stock price patterns in 1953, he found that

• A) certain patterns tended to repeat within the business cycle.
• B) there were no predictable patterns in stock prices.
• C) stocks whose prices had increased consistently for one week tended to have a net decrease the following week.
• D) stocks whose prices had increased consistently for one week tended to have a net increase the following week.
• E) the direction of change in stock prices was unpredictable, but the amount of change followed a distinct pattern.

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Definitions:

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication, argument, or appeal.

Attraction

The interest, desire, or force that draws people together, which can be based on physical appearance, personality, or a range of other factors.

Social Contagion

The phenomenon by which attitudes, behaviors, and emotions spread through networks of individuals, leading to shared social phenomena or psychological states.

Egoism

A theory in ethics that treats self-interest as the foundation of morality.