In a survey, 1,900 subjects are asked to throw a dice 20 times. One subject is the winner (tossed every time sixes). This is most closely associated with

Group of answer choices

regret avoidance.

Law of large number

selection bias.

overconfidence

the lucky event issue

Which of the following statement is correct?

Group of answer choices

Irrational investor behavior will consistently lead to market efficiency

When Maurice Kendall first examined stock price patterns in 1953, he found that stocks whose prices had increased consistently for one week tended to have a net increase the following week.

If stock prices follow a random walk, it means that the market cannot be efficient.

According to proponents of the efficient-market hypothesis, the best strategy for a small investor with a portfolio worth $40,000 is probably to perform fundamental analysis.

If you believe in the reversal effect, you should sell stocks this period that performed well last period