14. Market efficiency implies that: e. Market participants are rational f. Market participants make optimal forecasts g. Access to public information is available to all h. All of the above are correct 15. Relying too much on pre-existing information or the first information you receive refers to: a. Confirmation bias b. Anchoring bias c. Framing bias d. Herding 16. _can be illustrated by an example where people will tend to view their earned money differently than inherited money. a. Mental accounting b. Confirmation bias c. Fear of loss vs excitement d. Framing bias