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Course - Money, Markets & Democracy(10%) (PLEASE NO MORE THAN 100 words) The EMH has nothing to do with the rationality of individual market participants,

Course - Money, Markets & Democracy(10%)

(PLEASE NO MORE THAN 100 words)

The EMH has nothing to do with the "rationality" of individual market participants, it is the statistical result of a very large number of mutually agreeable transactions made with fairly complete information. In what way could "behavioral finance" possibly undermine an argument about statistical market efficiency?

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