[{"data":1,"prerenderedAt":47},["ShallowReactive",2],{"q-sec_invest-115-2-011":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_invest","證券商業務員資格測驗——證券投資與財務分析","c7",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sec_invest-115-2-011","115-2",11,"弱式效率市場表示無法以哪一項資料獲得超額報酬？",[13,14,15,16],"技術分析","財務報表分析","盈餘宣告","內線消息",0,"效率市場假說",1,"弱式效率市場主張歷史價量資訊已完全反映在現在的股價中，而技術分析正是靠過去的股價與成交量找買賣點，因此在弱式效率下無法藉此賺取超額報酬，故選 (A)。(B) 財務報表分析用的是已公開資訊，要到半強式效率市場才會失效；(C) 盈餘宣告同樣屬於公開資訊，也落在半強式的範疇；(D) 內線消息屬於尚未公開的資訊，要到強式效率市場才無用武之地。效率程度由弱到強，依序涵蓋歷史、公開、全部資訊。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"sec_invest-114-3-014","公司內部人員無法藉由內線消息而獲取超額報酬時，表示此時市場屬於：",14,{"id":28,"question":29,"qno":30},"sec_invest-114-3-023","下列敘述何者為效率市場的定義？",23,{"id":32,"question":33,"qno":34},"sec_invest-115-1-009","有關使用濾嘴法則進行投資決策，下列何者有誤？",9,{"id":36,"question":37,"qno":38},"sec_invest-115-1-010","行為財務學認為多數人非理性，而是有框架相依(framing dependence)的行為偏誤。所謂框架相依是指：",10,{"id":40,"question":41,"qno":42},"sec_invest-115-1-021","買跌賣漲指的是下列何種投資策略？",21,{"id":44,"question":45,"qno":46},"sec_invest-115-1-022","實證研究發現，不論是否為專業或業餘投資人，當他們回想其投資的共同基金的績效時，都會高估其真正的績效。這可用何理論解釋？",22,1785904142053]