State the Weak Form of Market Efficiency and Its Implications

question 2

Essay

State the weak form of market efficiency and its implications.

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Definitions:

Heuristic Usage

The use of practical methods or strategies in problem-solving, decision making, and discovery that are not guaranteed to be optimal, perfect, or rational, but are sufficient for reaching immediate goals.

Creative Thinking

The ability to think in new and innovative ways to solve problems or generate original ideas.

Theory of Multiple Intelligences

A psychological theory proposed by Howard Gardner, suggesting that humans have various types of intelligences or cognitive abilities, beyond just IQ.

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg, comprising analytical, creative, and practical components.