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轩羊羊 · 2023年08月30日

这个题怎么理解?谢谢

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.

B.

low opportunity cost of not hiring a skilled manager.

C.

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

1 个答案
已采纳答案

吴昊_品职助教 · 2023年08月30日

嗨,努力学习的PZer你好:


如果skilled和unskilled的manager的return distribution差距很大,说明市场是没有效的,这种情况下,一类错误和二类错误的成本都很高。C选项:没有雇佣skilled的基金经理,对应Type II。在这种情况下,Type II的机会成本也很高。因此C选项正确。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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