Skip to content

An Alternative Hypothesis to Market Efficiency

On repeated occasions, Eugene Fama has claimed that critics have failed to offer a complete alternative to the efficient market hypothesis (EMH). More specifically, in his Noble speech, Fama said, “Most important, the behavioral literature has not put forth a full blown model for prices and returns that can be tested and potentially rejected – the acid test for any model proposed as a replacement for another model.” Here I argue that Fama’s complaint is too strong.

By Brad Cornell

admin

Comments (4)

  1. … [Trackback]

    […] Read More: cornell-capital.com/blog/2018/04/an-alternative-hypothesis-to-market-efficiency.html […]

  2. … [Trackback]

    […] There you will find 23845 more Infos: cornell-capital.com/blog/2018/04/an-alternative-hypothesis-to-market-efficiency.html/trackback/ […]

Comments are closed.

Back To Top