Evidence concerning the "overreaction hypothesis" indicates that:
A) investors sometimes act irrationally.
B) investors are consistently risk-averse value maximizers.
C) the market is even more efficient than the weak-form EMH proposes.
D) most overreactions occur within the first two days of an economic event.

Question

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The Answer of Evidence concerning the "overreaction hypothesis" indicates that:
A) investors sometimes act irrationally.
B) investors are consistently risk-averse value maximizers.
C) the market is even more efficient than the weak-form EMH proposes.
D) most overreactions occur within the first two days of an economic event.

Evidence Concerning the "Overreaction Hypothesis" Indicates That