1. Which of the following statement is correct? Ambiguity l

a. Ambiguity aversion can be explained by risk aversion

b. Investors are ambiguity averse for all decisions they make

c. Investors cannot show ambiguity loving behavior

d. None of the answers is correct.

2. Get Evenitis

a. violates the random walk hypothesis

b. can occur if investors make losses

c. describes that observation that investors always loose money after a loss

d. none of the answer is correct