You peruse the available records of some public figures in your area and notice that they persistently gain higher returns on their stock portfolios than the market average. As a believer in efficient markets, what explanation for these rates of returns seems most likely to you? O The efficient market hypothesis only applies to those that work in the private sector and so it is not valid to use it to assess the portfolios of public figures, even if you believe in the hypothesis. O Public figures have access to inside information, which they use to guide their investment decisions. O Public figures have simply been unlucky. O Public figures have a lower than average appetite for riskier investments that have being doing well