According to the Text Discussion of Efficient Capital Markets, Which

question 3

Multiple Choice

According to the text discussion of efficient capital markets, which of the following would a well-trained economist recognize as logical and expected?

• A)Monkeys throwing darts at a financial page can hit stocks that perform as well as stocks picked by financial experts
• B)The best managed companies usually earn higher returns than companies rated lower on the list of well managed companies
• C)Experienced investors pay handsome sums to get investment advice from expert advisors
• D)Only expert investors should invest in the stock market

---

Definitions:

Hallucinogen Persisting Perception Disorder (HPPD)

A condition characterized by the re-experiencing of perceptual distortions or hallucinations previously encountered during hallucinogen use.

LSD

A powerful psychedelic drug known for altering perception, mood, and a variety of cognitive processes.

Alpha Waves

Patterns of brain activity that signify a relaxed, wakeful state, typically observed via EEG in the posterior part of the brain.

Delta Waves

Slow brain waves predominantly present during deep sleep or in advanced stages of meditation, associated with regeneration and healing.