The Monday effect. Puzzling but true: stocks tend to go down on Mondays.There is no

Chapter 0, Problem 9.10

(choose chapter or problem)

The Monday effect. Puzzling but true: stocks tend to go down on Mondays.There is no convincing explanation for this fact. A study looked at this Mondayeffect in more detail, using data on the daily returns of stocks over a 30-yearperiod. Here are some of the findings:

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