The performance of four major groups of investors has been studied in connection with tests of the strong-form of the efficient market hypothesis.These include all of the following except A) Professional money managers. B) Stock exchange specialists. C) Securities Exchange officers. D) Security analysts. E) Corporate insiders.

Question

Quizplus · Accepted Answer

The other four choices are directly related to the stock market and investing, while securities exchange officers are not investors themselves but rather regulate and oversee the market. Therefore, they would not be included in a study of investor performance in relation to the efficient market hypothesis.

The Performance of Four Major Groups of Investors Has Been