...
The first point responds to the fact that human beings are not computers. We are creatures
of strong emotions who often have radically different perceptions and have difficulty com-
municating ...
"try on" their views. They may well believe that their views are "right" as strongly as you believe
yours are. You may see on the table a glass half full of cool water. Your ... at the time, he assumed that they would then lower their asking price. But the
Mexicans had a strong interest not only in getting a good price for their gas but also in being
treated with respect...
... data into prices. Under the semi-strong form of
the hypothesis, the market incorporates all publicly-available information
in addition to the historical data. In strong form efficient markets, ... can be expected from
purchasing after the publication of the article. .
19. Under the semi-strong form of market efficiency, the stock price should stay
the same. The accounting system changes ... 18. The market is often considered to be relatively efficient up to the semi-strong
form. If so, no systematic profit can be made by trading on publicly-available
information....