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Markets Are Just Like Irrational Human
Posted on July 03, 2012 at 13:16 PM EDT
Critics of the Efficient Markets Hypothesis continue to get more press. Newsweek’s Barrett Sheridan recently wrote an article that discusses the Efficient Markets Hypothesis (EMH) versus the adaptive-markets hypothesis (AMH). He mentions one of the key flaws in EMH: that market participants are rational. He goes on to focus on MIT professor And...
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