3 ms·
Not to mention that the efficient market theory completely fails to explain the most basic boom-bust cycles: http://en.wikipedia.org/wiki/Efficient-market_hypot
by shortsleeves 13y ago
Not to mention that the efficient market theory completely fails to explain the most basic boom-bust cycles:
http://en.wikipedia.org/wiki/Efficient-market_hypothesis#Criticism_and_behavioral_finance http://en.wikipedia.org/wiki/Efficient-market_hypothesis#Cri...
- nickff 13y agoNo one has ever explained the cyclical recessions which we all observe; the efficient markets hypothesis does not directly address it.