Answer to Question 1: Efficient Market Hypothesis was firstly brought forward by E. Fama in 1960s. Its main believing is in that security prices fully reflect all available information in an efficient market‚ which allows investors to earn no above average risk-adjusted return (Fama‚ 1965). Although some technical studies and opportunistic investors have stretched hard in searching for proofs to challenge the efficient market hypothesis‚ and to prove above average returns could be gained by predicting
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The Efficient Market Hypothesis(EMH) was first given by Samuelson(1965)‚Fama(1965) and Mandelbrot(1966).It was based on “Random walk Theory”‚ and stated that since the market price will be affected by new information in the market‚ all available information have been fully reflected on the security price. There are three assumptions for the Efficient Market Hypothesis: 1.All investors are independent‚ rational‚ well-informed and hope for the highest profit; 2.All information are free and randomly
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of what is considered ethical and unethical conduct of scientific inquiry. From the time immediately after World War II until the early 1990s‚ there was a gradually developing consensus about the key ethical principles that should underlie the research endeavor; two events stand out as symbolic of this consensus. The Nuremberg War Crimes Trial following World War II brought to public view the ways German scientists had used captive human subjects as subjects in oftentimes gruesome experiments.
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What is the biggest issue that needs to be addressed in Ohio? In this year’s November election‚ Ohio voters will have the opportunity to vote on three different issues that affect the state. The first issue is redistricting‚ the second is monopoly prevention‚ and the third is legalization of marijuana. While each issue is different‚ issues 2 and 3 have potential to have direct effects on each other‚ and may cause problems. Each issue is important and should be understood by voters before they make
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period is sometimes regarded as critical‚ implying that‚ once it is past‚ that specific skill can no longer be learnt. The idea that human language is normally acquired during a critical period was proposed by Lenneberg with the Critical Period Hypothesis (CPH). Considering
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Questions for Store24 A and B Cases The data required for these cases is in the file Store24AB.xls. Summary Statistics: Definitions of the different variables in the data are provided in the case itself. Briefly discuss the summary statistics presented in Exhibit 3 in Store24A and Exhibit 2 in Store24B. Use a maximum of 2 slides for this discussion. In your team’s opinion‚ what do the summary statistics tell us about Store24? Doucette wants to decide whether or not to put an employee
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teaspoons) added to each cup of water‚ while the dependent variable is the temperature of the water before and after the experiment‚ and the constant will be the cup of water that will have no chemicals added. If one teaspoon of ammonium chloride‚ calcium chloride‚ and sodium chloride are added to separate glasses of water‚ then ammonium chloride will keep the water cold the longest because it is most commonly used in brand name cold packs. In order to test the hypothesis‚ the scientists will
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The Events Surrounding the Whiskey Rebellion For hundreds of years‚ there have been many reasons for citizens to feel like they were being taken advantage of by their government. The biggest source of these exploited feelings seems to be taxes. Now‚ when citizens feel like they are taken advantage of‚ there seems to be 2 ways that they deal with it: they accept it and pay their taxes‚ or they get angry until the whispers of rebellion are heard ‘round the country. A great example of a rebellion
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Issues and Analysis Paper Geraldine Williams PSY 375Life Span Human Development October 24‚ 2011 Mr. Stanley Ellis Issues and Analysis Paper Elite professional women have a choice of opting out in today’s society from the high powered jobs to focus more on raising their children. “For years‚ most feminists have stressed respect for women ’s choices” (Young‚ 2005‚ Para. 2). The Pro side of the issue The Pro side of the issue of professional women “opting out” of work by
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Hypothesis. Conditional on preferring the outcome from lying over the outcome from truth-telling‚ a person is sensitive to neither her own [monetary] gain from lying‚ nor how much [monetary] harm she causes the other side. Notice that aside from the preface of “preferring the outcome from lying”‚ the rest of the Hypothesis seems quite at odds with Gneezy’s Result. The reconciliation is that a significant fraction of Gneezy’s subjects prefer the outcome from lying to truth-telling in some experimental
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