Question 41 Not yet answered Marked out of 20.00 Flag question There is a long-standing debate in finance about whether markets are efficient. Eugene Fama, the laureate of the 2013 Nobel Memorial Prize in Economic Sciences, believes that they are. In contrast, Robert Shiller, who got the Noble Prize jointly with Fama in 2013, does not think that markets are efficient. a) Describe the efficient market hypothesis in its different forms (10 marks) b) Whom do you support in the market efficiency debate: Fama or Shiller? Provide arguments for your position [if you are not sure whom you support, you can provide arguments both in favor of the Fama's and Shiller's positions] (10 marks) Paragraph BIEE