14. Human fear is the source of stock market crashes, so these crashes indicate that expectations in

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14. "Human fear is the source of stock market crashes, so these crashes indicate that expectations in the stock market cannot be optimal." Is this statement true, false, or uncertain? Explain your answer.

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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