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 ...

The famed efficient market hypothesis, or EMH, is widely accepted by academics and modern investors. The hypothesis states that stock prices reflect all available information at any given time ...

But, my take is that it was also a big win for behavioral finance by disproving the efficient market hypothesis. US Congress Democrats help spirit immigrant clampdown bill to Trump 5 best heated ...

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.