Question: Explain why, if some investors are subject to systematic behavioral biases while others pick efficient portfolios, the market portfolio will not be efficient?

Explain why, if some investors are subject to systematic behavioral biases while others pick efficient portfolios, the market portfolio will not be efficient?

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24 . Explain why if some investors are subject to systematic behavioral biases, while others pick efficient portfolios, the market portfolio will not be efficient.

Explain why if some investors are subject to systematic behavioral biases, while others pick efficient portfolios, the market portfolio will not be efficient. Appendix

Explain why if some investors are subject to systematic behavioral biases, while others pick efficient portfolios, the market portfolio will not be efficient. AppendixLO1

Explain why, if some investors are subject to systematic behavioural biases, while others pick efficient portfolios, the market portfolio will not be efficient.

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