1. Beta is a measure of _____________________.
a. Total Risk
b. Unsystematic Risk
c. Systematic Risk
d. Idiosyncratic Risk
2. A gambler who thinks a few consecutive spins of black on the roulette wheel makes black a more likely outcome than red on the next spin is an example of:
A. market efficiency
B. representativeness
C. irrational exuberance
D. conservatism