Answer:
DeBondt and Thaler (1985) found that the poorest-performing stocks in one time period experienced <u>good</u> performance in the following period and that the best-performing stocks in one time period experienced <u>poor</u> performance in the following time period.
Explanation:
In their 1985 paper <em>Does the Stock Market Overreact?</em>, economists Werner DeBondt and Richard Thaler analyzed the performance of the stock market and found out that people were falling for what is called the "hot hand fallacy", where people think (erroneously) that what has been happening in recent times will continue to happen indefinitely. In the stock market, this leads to people thinking poor-performing stocks will continue to perform poorly, while good-performing stocks will continue to perform positively. However, empirical research doesn't support this, as they found out that <u>the poorest-performing stocks in one time period experienced </u><u>good</u><u> performance in the following period and that the best-performing stocks in one time period experienced </u><u>poor</u><u> performance in the following time period.</u> But many investors found themselves on the wrong end of poor trades because they fell for the hot hand fallacy.
The answer is 6800 BCE.
Jericho, one of the world's oldest villages, began an impressive building program of structures to protect their grain surplus around 6800 BCE.
<h3>What is Jericho and why is it important?</h3>
A Palestinian city in the West Bank is called Jericho. It is situated in the Jordan Valley, with Jerusalem to the west and the Jordan River to the east. It is also the oldest continuously inhabited city on the Earth.
The city's archaeological site is very significant because it shows how early permanent communities developed and how early civilization began. Traces of Mesolithic hunters' visits, carbon-dated to around 9000 BCE, as well as a protracted period of habitation by their descendants have been discovered.
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We often attend theatre performances because of its sheer excitement as well as to be amused. However, another often-overlooked reason is to learn about the human condition. The theatre is a cultural space where society examines itself. The performance of theatre is a universal cultural phenomenon that exists in every society around the world. Understanding theatre helps us understand what it means to be human.