Which of the Following Is an Example of an Anomaly

question 29

Multiple Choice

Which of the following is an example of an anomaly?

• A)The discovery that stock prices fully reflect all available information.
• B)The discovery that stock prices follow a random walk.
• C)The discovery that returns to stock tend to be negative in periods of recessions.
• D)The discovery that stocks have a higher than average return in early January.

---

Definitions:

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, or praise.

Reinforcement Theory

A psychological theory suggesting that behavior is driven by its consequences, reinforcing desirable behaviors while discouraging undesirable ones.

Orienting Reflex

The instinctual reaction of an organism to a novel stimulus, often involving attention redirection towards the source of the stimulus.

Stimulus

Any event or situation that evokes a response or reaction from an organism or system.