If Security Markets Are Semistrong-Form Efficient, Investors Cannot Solely Use

question 3

Multiple Choice

If security markets are semistrong-form efficient, investors cannot solely use ____ to earn excess returns.

• A) previous price movements
• B) insider information
• C) publicly available information
• D) A and C

---

Definitions:

Social Psychology

Social psychology is the scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Violent Revenge

Actions taken with the intent of causing harm or injury in response to a real or perceived wrongdoing.

Confederates

Individuals who appear to be participants in an experiment but are actually working for the researcher, used to manipulate social interactions within the study.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, expectations, or pressures.