Some Anomalous Evidence Regarding Market Efficiency

@article{Jensen1978SomeAE,
  title={Some Anomalous Evidence Regarding Market Efficiency},
  author={Michael C. Jensen},
  journal={Capital Markets: Market Efficiency},
  year={1978}
}
  • M. C. Jensen
  • Published 4 May 1978
  • Economics
  • Capital Markets: Market Efficiency
The efficient market hypothesis has been widely tested and, with few exceptions, found consistent with the data in a wide variety of markets: the New York and American Stock Exchanges, the Australian, English, and German stock markets, various commodity futures markets, the Over-the-Counter markets, the corporate and government bond markets, the option market, and the market for seats on the New York Stock Exchange. Yet, in a manner remarkably similar to that described by Thomas Kuhn in his… 

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