4 ms·
All models are flawed. The question is not whether the market is efficient, but rather if it is useful to model the market as efficient for the purposes of econ
by twblalock 8y ago
All models are flawed. The question is not whether the market is efficient, but rather if it is useful to model the market as efficient for the purposes of economic research. Such a model does seem to work well in a lot of cases.