Toward a theory of marginally efficient markets
نویسندگان
چکیده
منابع مشابه
Why Financial Markets Will Remain Marginally Inefficient
I summarize the recent work on market (in)efficiency, highlighting key elements why financial markets will never be made efficient. My approach is not by adding more empirical evidence, but giving plausible reasons as to where inefficiency arises and why it’s not rational to arbitrage it away.
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ژورنال
عنوان ژورنال: Physica A: Statistical Mechanics and its Applications
سال: 1999
ISSN: 0378-4371
DOI: 10.1016/s0378-4371(99)00077-1