Behavioral finance midterm correct answer 2023
Behavioral finance midterm correct answer 2023 Martingale process - answer-o A martingale is a process whose value at any future date is not predictable with certainty. Given the information today, the best estimate of a future stock prices is todays price o On average, you will neither make nor lose money o Appropriate model for EMH bc on any date, past info offers no real clue to predicting future prices
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