a) Is the U.S. stock market efficient? Discuss b) Explain what the small-firm-in-January effect is a capital market anomaly. c) Explain, with the aid of
a) Is the U.S. stock market efficient? Discuss
b) Explain what the small-firm-in-January effect is a capital market anomaly.
c) Explain, with the aid of a graph, the Kahneman and Tverskys prospect theory with regard to risk aversion and loss aversion.
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Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
