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Efficient Market Hypothesis - not a dead concept

11/14/09

Permalink 06:22:16 pm, by editor of MarketObservation.com Email , 59 words   English (US)
Categories: Investment, Academic

There are many who believe that the financial crisis is a consequence of "blind acceptance of the efficient markets hypothesis (EMH). Fama and French have opposite views. And they are probably right:

Fama/French Forum: Is Market Efficiency the Culprit?

Related:

The Efficient Market Hypothesis and Its Critics, by Burton G. Malkiel, Princeton University, CEPS Working Paper No. 91, April 2003I

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