RE: When people say efficient market The hypothesis is predicated on perfect rationality. http://en.wikipedia.org/wiki/Perfect_rationality http://en.wikipedia.

RE: When people say efficient market The hypothesis is predicated on perfect rationality. http://en.wikipedia.org/wiki/Perfect_rationality http://en.wikipedia.org/wiki/Perfect_rationality vs http://en.wikipedia.org/wiki/Bounded_rationality http://en.wikipedia.org/wiki/Bounded_rationality