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22 October, 23:59

Why would an advocate of the efficient market hypothesis believe that even if many investorsexhibit the behavioral biases discussed in the chapter, security prices might still be set efficiently?

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  1. 23 October, 00:25
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    Answer and Explanation:

    an Advocate of EMH believes that investor are kin to analyze and uncover any new information which may generate greater returns on the investment. also for that purpose they are willing to spend time and resourses.

    it acts as an incentive for them as they believe efficient pricing of security depends upon requirement of rigorously efficient market information.
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