The Efficient Market Hypothesis and Its Critics by

  title={The Efficient Market Hypothesis and Its Critics by},
  author={Burton G. Malkiel and B. Long and T. Taylor and Michael Waldman},
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
Highly Influential
This paper has highly influenced 23 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS
Highly Cited
This paper has 251 citations. REVIEW CITATIONS

From This Paper

Topics from this paper.


Publications citing this paper.
Showing 1-10 of 182 extracted citations

Is media just noise ? The link between media factors and stock performance

Iivari Lappalainen Pyry Takala
View 15 Excerpts
Highly Influenced

SHYAM SUNDER Risk in Accounting

View 4 Excerpts
Highly Influenced

252 Citations

Citations per Year
Semantic Scholar estimates that this publication has 252 citations based on the available data.

See our FAQ for additional information.


Publications referenced by this paper.
Showing 1-10 of 30 references

Price-Earnings Ratios,

S. F. Nicholson
Financial Analysts Journal, • 1960
View 4 Excerpts
Highly Influenced

A by Any Other Name,

Cooper, Michael, Orlin Dimitrov, P. R. Rau
Journal of Finance, • 2001

Massively Confused Investors Making Conspicuously Ignorant Choices (MCI-MCIC),

Rasches, Michael
Journal of Finance, • 2001

Inefficient Markets: An Introduction to Behavioral Finance, (New

Shleifer, Andrei

Similar Papers

Loading similar papers…