Critics of Behavioral Finance Use Which One of These as an Argument

Multiple Choice

Critics of behavioral finance use which one of these as an argument for market efficiency?

A) Research papers supporting market efficiency tend to end up "in file drawers"
B) Underreactions fail to exist in actual studies
C) The overall community of financial economists firmly decided the markets are efficient
D) Overreactions offset underreactions in almost every market study conducted to date
E) Conservatism has been found to be absent in studies under actual market conditions