Although the verdict is not yet in,the available evidence indicates that,for many purposes,the efficient market hypothesis is
A) a good starting point for analyzing expectations.
B) not a good starting point for analyzing expectations.
C) too general to be a useful tool for analyzing expectations.
D) none of the above.

Question

Quizplus · Accepted Answer

The available evidence suggests that the efficient market hypothesis can be a useful starting point for analyzing expectations in many cases, particularly where market participants are well-informed and actively trading. However, it is important to recognize that the hypothesis is not universally applicable and may not hold under some circumstances.

Although the Verdict Is Not Yet In,the Available Evidence Indicates