NO.PZ2018062002000095
问题如下:
When making rational and irrational investment decisions, the efficient market hypothesis requires that:
选项:
A.only the market is rational.
B.Neither the market nor the investor is rational.
C.some investors make rational decisions.
解释:
A is correct.
The efficient market hypothesis and the asset pricing model only require the market to be rational.
Behavioral finance is used to explain some irrational decision making in the market.
考点:Efficient Capital Market And Its Forms
等学完行为金融就会知道人是非理性的,我们很难假设个体是理性的。但是市场反应的是人们的平均表现,因此在有效市场假说中我们只假设市场是有效的。请把这道题当做结论记忆就好。
行为金融学里说EMH不要求每个人都是理性的,C选项不就是部分人理性即可的意思嘛