In the Haruvy, Lahav and Noussair study, the participants are asked to enter their prediction for the assets' market price for all remaining periods rather than just for the upcoming period. It is likely that doing so would:
A) Alter the frame of reference and get participants to engage in backward induction by thinking about feasible ranges for the market price in the last period and then working their way backward.
B) Cause the traders to ignore the fundamental value or the current price and chase further speculative gains.
C) Lead traders to become more convinced about the rationality of other traders.
D) Prevent traders from engaging in excess trading by buying and selling more than the optimal amounts of assets.
Correct Answer:
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