Advocates of the Weak-Form Efficient Market Hypothesis Claim That Past

question 107

True/False

Advocates of the weak-form efficient market hypothesis claim that past price movements are the best predictors of future price movements.

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Definitions:

Primary Reinforcer

An innately reinforcing stimulus, such as food or water, that satisfies a biological need.

Secondary Reinforcer

A stimulus that gains its reinforcing power through association with a primary reinforcer.

Latent Learning

Learning that occurs without apparent reinforcement, but is not demonstrated until a motivation is present.

Cognitive Maps

Mental representations of the layout of one's environment, enabling an individual to navigate through physical spaces.