3 ms·
Those are inconsistent beliefs, if we're talking about Eugene Fama's hypothesis.
by xapata 3y ago
Those are inconsistent beliefs, if we're talking about Eugene Fama's hypothesis.
- Naga 3y agoJust like the rest of economics, the efficient market hypothesis is a nice model without any basis in reality. The fact that speculative bubbles exist should be enouh to disprove it.
- xapata 3y agoI guess that's the big question. Market behavior certainly can look like there are speculative bubbles, but Fama hypothesizes a different interpretation of the evidence. I'm not a believer, but there is some value in the thought.