The Term "Independent Deviations from Rationality" Implies That

question 38

Multiple Choice

The term "independent deviations from rationality" implies that:

• A)irrational investors are absent from an efficient market.
• B)arbitrage traders act independent of each other.
• C)markets must be inefficient.
• D)irrational investors behave differently from one another.
• E)arbitrage traders act together to offset the actions of rational investors.

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