In an Efficient Market, Investors Will Only Find Positive-NPV Trading

question 11

True/False

In an efficient market, investors will only find positive-NPV trading opportunities if they have some form of competitive advantage over other investors.

---

Definitions:

EEG Waves

The patterns of electrical activity in the brain recorded by EEG, indicative of different states of brain function or pathology.

Brain Disease

A broad category of illnesses that affect the structure or function of the brain.

EEG

Electroencephalogram, a test that measures electrical activity in the brain using small, flat metal discs attached to the scalp.

High Frequency

Refers to waves that have a very short wavelength or a high rate of oscillation or vibration.