The Efficient Markets Hypothesis
(2012)
Book Chapter
Hayes, M. (2012). The Efficient Markets Hypothesis. In J. King (Ed.), The Elgar companion to post Keynesian economics. Edward Elgar Publishing
Although something of a chameleon (Findlay and Williams, 2008), the efficient markets hypothesis (EMH) reduces to a claim that ‘you can’t beat the market’. In its weak form, it holds that past financial data are no guide to the future. In its stronge... Read More about The Efficient Markets Hypothesis.