According to the related concept of a random walk, successive changes in asset prices often appear as unpredictable as a sequence of random numbers, so that smaller less well-informed investors, should on average:
A) Do more poorly than well-informed financial analysts in anticipating asset price changes
B) Do better than well-informed financial analysts in anticipating asset price changes
C) Do about as well as well-informed financial analysts in anticipating asset price changes
D) Obtain less than 3% returns on their investments
E) None of the above
Correct Answer:
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