NO.PZ2022122701000034
问题如下:
A return distribution of skilled managers that is highly distinct from the return distribution of unskilled managers, most likely implies a:
选项:
A.highly efficient market.
low opportunity cost of not hiring a skilled manager.
high opportunity cost of not hiring a skilled manager.
解释:
Correct Answer: C
When the two distributions are highly distinct, the unskilled managers are expected to significantly underperform the skilled managers, implying a high opportunity cost of not hiring the skilled managers. Efficient markets are likely to exhibit smaller differences of returns between skilled and unskilled managers.
还是不太明白理解方式