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There's a classic joke related to the EMH: An undergraduate and an economics professor are walking across campus. The undergrad sees a bill on the ground. Gett
by 0xcde4c3db 11y ago
There's a classic joke related to the EMH:
An undergraduate and an economics professor are walking across campus. The undergrad sees a bill on the ground. Getting closer, he sees that it's a $100 bill.
"Professor, there's a $100 bill on the ground there!", he says.
"No there isn't", the professor responds. "If there were really a $100 bill, someone would have picked it up".
- edanm 11y agoAnd the brilliant continuation of this story I once heard: Everybody always tells this joke to make fun of economics professors who believe in the EMH. But - have you ever actually found a $100 bill lying on the ground? If not, that's the EMH in action :)