Explain why if some investors are subject to systematic behavioral biases, while others pick efficient portfolios, the

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Explain why if some investors are subject to systematic behavioral biases, while others pick efficient portfolios, the market portfolio will not be efficient.

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Corporate Finance

ISBN: 9780137845071

6th Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 12, 2024 01:13 AM

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Explain why, if some investors are subject to systematic behavioral biases while others pick efficient portfolios, the market portfolio will not be efficient?
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Explain why if some investors are subject to systematic behavioral biases, while others pick efficient portfolios, the

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Corporate Finance

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