Question
3. Do you think that stock markets are efficient (in an efficient market hypothesis sense)? What are some reasons to think they are not? What
3. Do you think that stock markets are efficient (in an efficient market hypothesis sense)? What are some reasons to think they are not? What is some evidence to suggest that they are? Is it enough for only some investors in the market to be rational for correct prices to emerge? Do such "rational" traders face any limits in their ability to correct prices?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
