The term "independent deviations from rationality" implies that irrational investors
A) Dominate the market place
B) Guarantee an inefficient market
C) Independently offset the actions of rational investors
D) Behave differently from one another
E) Act together to offset the actions of rational investors

Question

Quizplus · Accepted Answer

The term "independent deviations from rationality" suggests that irrational investors each behave in their own unique way, rather than acting uniformly or in concert with others. This means their actions and decisions are varied and individual.

The Term "Independent Deviations from Rationality" Implies That Irrational Investors