Behavioural Finance versus Market Efficiency Some people argue that the efficient market hypothesis cannot explain the 2010

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Behavioural Finance versus Market Efficiency Some people argue that the efficient market hypothesis cannot explain the 2010 US flash market crash or the high priceto-earnings ratio of European shares in 2005 and 2006.

What alternative hypothesis is currently used for these two phenomena?

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Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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