Of all the belief systems of Wall Street, few can claim the devoted following of the Efficient Market Hypothesis, the idea that stock prices adhere to the same laws of supply-and-demand that govern retail products. Once coined the theoretical “Parthenon” of economics, this notion has consistently endured the test of time —– until now. Academics […]
What Does NOT Move Markets? Examining 8 Claims of Market Efficiency
March 2, 2010 by Leave a Comment
Economists love to talk about exogenous shocks — events outside of the financial system that cause markets to move. But what if it’s just talk and not real at all?
