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No, but it does assume the irrationality maps to a random distribution.
by vonmoltke 9y ago
No, but it does assume the irrationality maps to a random distribution.
- icebraining 9y agoHow could it not?
- 3pt14159 9y agoCultural prejudice?
- icebraining 9y agoI don't think that prevents a random distribution, only some kinds of them. But I'm not expert in statistics, let alone the EMH.