The Efficient Market Hypothesis and Its Critics by

@inproceedings{Malkiel2003TheEM,
  title={The Efficient Market Hypothesis and Its Critics by},
  author={Burton G. Malkiel and B. Long and T. Taylor and Michael Waldman},
  year={2003}
}
for their extremely helpful observations. While they may not agree with all of the conclusions in this paper, they have strengthened my arguments in important ways. Abstract Revolutions often spawn counterrevolutions and the efficient market hypothesis in finance is no exception. The intellectual dominance of the efficient-market revolution has more been challenged by economists who stress psychological and behavioral elements of stock-price determination and by econometricians who argue that… CONTINUE READING
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