Quite similar to OG16 CR #105.
Since it has become knownthat several of a bank’s top executives have been
buying shares in their own bank , the bank’s depositors, who had been worried
by rumors that the bank faced impending financial collapse, have been greatly
relieved. They reason that, since top executives evidently have faith in the bank’s
financial soundness, those worrisome rumors must be false. Such reasoning might
well be overoptimistic, however, since corporate executives have
...
Since it has become knownthat several of a bank’s top executives have been
buying shares in their own bank , the bank’s depositors, who had been worried
by rumors that the bank faced impending financial collapse, have been greatly
relieved. They reason that, since top executives evidently have faith in the bank’s
financial soundness, those worrisome rumors must be false. Such reasoning might
well be overoptimistic, however, since corporate executives have
...
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