Behavioural finance focuses on numbers of reasons why real-world financial markets do not fit with the assumptions
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Behavioural finance focuses on numbers of reasons why real-world financial markets do not fit with the assumptions about efficient financial markets. Explain what is meant by an efficient financial market and discuss two reasons for financial market inefficiency.
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An efficient financial market is one where asset prices reflect all available information and where it is impossible to consistently achieve abnormal returns returns higher than what is justified by t...View the full answer
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Saud Ur Rehman
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