Evidence in Favor of Market Efficiency Does Not Include

question 27

Multiple Choice

Evidence in favor of market efficiency does not include

• A) random-walk behavior.
• B) technical analysis.
• C) performance of investment analysts and mutual funds.
• D) the January effect.

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Definitions:

Superstitious Behaviors

Actions that are performed based on the irrational belief that they will influence future events, despite the lack of a logical connection.

Pigeons

Birds of the family Columbidae, known for their distinctive cooing sound, and frequently studied in behavioral psychology for their learning capabilities.

Operant Conditioning

is a method of learning that uses rewards and punishments for behavior, which increases or decreases the likelihood of that behavior being repeated.

Biofeedback

A therapy technique that teaches individuals to improve their health and performance by controlling bodily processes that normally happen involuntarily.