MT 7 - Market Efficiency Flashcards
1
Q
Jensen’s definition of efficiency
A
2
Q
Malkiel’s definition of efficiency
A
3
Q
Conditions/assumptions that lead to efficiency
A
4
Q
Unspecified items in determining efficiency
A
5
Q
Weak, semi-strong, strong form of efficiency
A
6
Q
Informational efficiency vs operational efficiency
A
7
Q
Show excess or abnormal return from CAPM
A
8
Q
Explain the problem of determining efficiency under CAPM: Joint Hypothesis Problem
A
9
Q
Illustration of joint hypothsis problem
A
10
Q
A regression showing the relationship of information set and abnormal return
A
