Question
Some people argue that the efficient market hypothesis cannot explain the 1987 market crash or the high price-to-earnings ratio of Internet stocks during late 2008.
Some people argue that the efficient market hypothesis cannot explain the 1987 market crash or the high price-to-earnings ratio of Internet stocks during late 2008. What alternative hypothesis is currently used for these two phenomena?
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
