Evidence on Market Efficiency Some people argue that the efficient market hypothesis cannot explain the 2010 US

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Evidence on Market Efficiency Some people argue that the efficient market hypothesis cannot explain the 2010 US flash market crash or the high price-to-earnings ratio of European shares in 2005 and 2006. What alternative hypothesis is currently used for these two phenomena?

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Corporate Finance

ISBN: 9780077173630

3rd Edition

Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe

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