More interesting than "Is EMH dead?" is our improving understanding of the efficiency of incorporating new information into markets is getting better. I'll ref

More interesting than "Is EMH dead?" is our improving understanding of the efficiency of incorporating new information into markets is getting better. I'll refer you below to Andrew Lo's "Adaptive Market Hypothesis" which: "is an attempt to reconcile economic theories based on the efficient market hypothesis (which implies that markets are efficient) with behavioral economics, by applying the principles of evolution to financial interactions: competition, adaptation and natural selection."[1] [1] https://en.wikipedia.org/wiki/Adaptive_market_hypothesis https://en.wikipedia.org/wiki/Adaptive_market_hypothesis