Corpus ID: 16882854

The Efficient Markets Hypothesis

@inproceedings{Clarke2000TheEM,
  title={The Efficient Markets Hypothesis},
  author={Jonathan Clarke and Tomas Jandik and G. Mandelker},
  year={2000}
}
The Efficient Markets Hypothesis Jonathan Clarke, Tomas Jandik, Gershon Mandelker The efficient markets hypothesis (EMH), popularly known as the Random Walk Theory, is the proposition that current stock prices fully reflect available information about the value of the firm, and there is no way to earn excess profits, (more than the market over all), by using this information. It deals with one of the most fundamental and exciting issues in finance – why prices change in security markets and how… Expand
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