3 ms·

Taking that literally, it's clearly false; information can't affect prices faster than the speed of light.

• na85 6y ago
  Ah yes the good ol' HN pedantry. Please go actually read the hypothesis and understand its central tenets.
  • jabl 6y ago
    Ah, but here's an interesting topic for an ambitious research project, "Efficient relativistic markets". The proposal would score cross-disciplinarity brownie points in the evaluation committee.
    • hchasestevens 6y ago
      You might be surprised to learn that the well-known economist Paul Krugman wrote in the late 70s about trade in relativistic scenarios, see https://en.wikipedia.org/wiki/The_Theory_of_Interstellar_Trade https://en.wikipedia.org/wiki/The_Theory_of_Interstellar_Tra... and http://www.standupeconomist.com/pdf/misc/interstellar.pdf http://www.standupeconomist.com/pdf/misc/interstellar.pdf (for the paper itself).
      • jabl 6y ago
        Ah, but of course. When you're not a subject matter expert what you think is a novel idea is something the actual experts have already investigated decades ago. sigh, oh well.
  • bawolff 6y ago
    We're literally talking about a paper comparing emh to np=p, isn't pointless pedantry the name of the game?