efficient market
Whatistheefficient-marketshypothesisandhowgoodaworkingmodelisit?Fama:It'saverysimplestatement:pricesreflectallavailableinformation.,(b)Inanefficientmarket,astrategyofrandomlydiversifyingacrossstocksorindexingtothemarket,carryinglittleornoinformat...
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Theefficient-markethypothesis(EMH)isahypothesisinfinancialeconomicsthatstatesthatassetpricesreflectallavailableinformation.
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