问题如下:
Statement 4 is most consistent with:
选项:
A. the adaptive markets hypothesis.
B. a behavioral approach to asset pricing.
C. Savage’s subjective expected utility theory.
解释:
B is correct.
Statement 4 indicates that markets can be influenced by the emotions of others (sentiment). This is consistent with a behavioral approach to asset pricing that includes sentiment such as the behavioral stochastic discount factor-based asset pricing model proposed by Shefrin.
为什么不选c,题干中提到受情绪因素的影响,c选项好像也对。