The efficient market hypothesis is based on the notion that prices for securities or assets in a market are always reflective of all information available to investors. The efficient market ...

As many examples as there are of return dynamics that ostensibly shouldn't exist if the efficient market hypothesis is true, taking advantage of these as an average investor is another story.

Find a fiduciary advisor today. In the efficient market hypothesis (EMH), weak form efficiency is a level of market ...

We propose these experiments to test this explanation." These proposals are very hard to write, but the inherent design forces a conclusion with efficient use of resources. Michigan Tech MSE has ...

Merton, Robert C. "On the Current State of the Stock Market Rationality Hypothesis." In Macroeconomics and Finance: Essays in Honor of Franco Modigliani, edited by R. Dornbusch, S. Fischer, and J.