Kindly explain in details

Question 1: Malkiel, Shiller, and the EMH In the Journal of Economic Perspectives Winter 2003 issue, Burton Malkiel, the author of A Random Walk Down Wall Street, and Robert Shiller, winner of the 2013 Nobel Prize in Economics, published competing articles about the Efficient Markets Hypothesis (EMH).1 In his article, Malkiel defends the EMH from critics, while Shiller argues in favor of a behavioral approach to understanding markets. Read both of these articles, which have been posted on Blackboard, then answer the following:

D. In Shillers assessment, what are the obstacles to smart money correcting the price of mispriced assets in the market?

E. According to Shiller, what are Eugene Famas critiques of behavioral finance, and how does Shiller respond to them?

F. After reading both articles, how well do you think each of the authors defended their thesis? Which viewpoint do you find more convincing, or are the both (or neither) right? Why or why not?