Discuss the Statistical Evidence Concerning the Efficient Markets Hypothesis

question 44

Essay

Discuss the statistical evidence concerning the efficient markets hypothesis.

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Definitions:

Reinforcement

In operant conditioning, any event that strengthens the behavior it follows.

Successive Approximations

A method of shaping behavior by rewarding actions that are progressively closer to the desired behavior.

Shaping

The process of reinforcing closer and closer approximations to a desired behavior in order to teach a new behavior.

Operant Conditioning

is a method of learning that employs rewards and punishments for behavior.