Reflections on the Efficient Market Hypothesis: 30 Years Later
نویسندگان
چکیده
منابع مشابه
Reflections on the Efficient Market Hypothesis: 30 Years Later
In recent years financial economists have increasingly questioned the efficient market hypothesis. But surely if market prices were often irrational and if market returns were as predictable as some critics have claimed, then professionally managed investment funds should easily be able to outdistance a passive index fund. This paper shows that professional investment managers, both in The U.S....
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ژورنال
عنوان ژورنال: The Financial Review
سال: 2005
ISSN: 0732-8516,1540-6288
DOI: 10.1111/j.0732-8516.2005.00090.x