Question: An expectation may fail to be rational if information was available to insiders only. relevant information was not available at the time the forecast is

An expectation may fail to be rational if
information was available to insiders only.
relevant information was not available at the time the forecast is made.
relevant information is available but ignored at the time the forecast is made.
information changes after the forecast is made.
An expectation may fail to be rational if information was available

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