Which of the following is not a reason that it is difficult to test market efficiency?
A) The dumb luck problem.
B) The investor behavior problem.
C) The risk-adjustment problem.
D) The relevant information problem.
E) The data snooping problem.

Question

Quizplus · Accepted Answer

The investor behavior problem is not typically cited as a reason for the difficulty in testing market efficiency. The other options relate to challenges in accurately assessing market efficiency, such as adjusting for risk, determining relevant information, and avoiding biases from data analysis.

Which of the Following Is Not a Reason That It