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but doesnt the central limit theorem require each event to be i.i.d. ? I dont think the efficient market is a result of the central limit theorem, since each t
by chii 1y ago
but doesnt the central limit theorem require each event to be i.i.d. ?
I dont think the efficient market is a result of the central limit theorem, since each transaction affecting the market is not independent of each other.
- smitty1e 1y agoFair point. Thank you.