Which of the following observations provide evidence for the semistrong form of the efficient market hypothesis? All of the answers are correct In any one year approximately 5096 of mutual funds outperform the market. O Mutual fund who outperform others in one year do not tend to consistently outperform in subsequent years. Mutual fund managers do not on average, earn superior returns. Which of the following is the most likely action of investors with regret avoidance bias? They tend to make conventional investments, emulating others. They attribute any loss to bad luck. They infer that good companies are also good investments. They hold onto loser stocks for too long. The Behavioral Critique, of behavioral finance theory. all of the answers are correct complements the Efficient Market Hypothesis (EMH) because it generates the same predictions. O recognizes that at times, the marginal traders, moving the market, may be less than fully rational. emphasizes investor psychology, just like the EMH