Question: 8. Some commentators have argued that so-called empirical regularities have only been documented on an ex-post basis and the 'discovery of their existence has rapidly

8. Some commentators have argued that so-called empirical regularities have only been documented on an ex-post basis and the 'discovery" of their existence has rapidly led to their demise. Consequently, a research study could identify the 'public' announcement of the regularity and conduct an event study to determine if the market has been efficient in its response to this news; that is, test whether the market is efficient with respect to announcements of inefficiency! Do you agree? What are your views

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