Efficient Market Theory and the Crisis

by Benjamin Domenech on 9:04 am October 28, 2009

Roger Lowenstein: “The upside of the current Great Recession is that it could drive a stake through the heart of the academic nostrum known as the efficient-market hypothesis.” Jeremy Siegel: “But is the Efficient Market Hypothesis (EMH) really responsible for the current crisis? The answer is no.” Discuss.

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