Stocks with high market to book ratios are considered ___________, which have ____________.

		value stocks; outperformed
		growth stocks; underperformed
		value stocks; underperformed
		growth stocks; outperformed

On average, mutual fund managers:

		outperform the market
		suffer from the disposition effect
		underperform the market
		trade primarily in securities from their local area

Suppose Gamestop stock is quoted at 25 per share; based on fundamental valuations, the stock is worth 2 dollars per share. This represents a(n):

		price changes
		irrational investors
		inefficient markets
		arbitrage opportunity

Asset price bubbles are likely the result of investors':

		representativeness
		conservatism
		strong form efficiency
		arbitrage