Williams, Edward E
Random Walk To Nowhere, A: How The Professors Caused A Real :
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- ISBN 13:
- 9789811208355
- author:
- Williams, Edward E
- format:
- Paperback / softback
- publisher:
- World Scientific Publishing Co Pte Ltd
- language:
- English
- Publication Year:
- 2020
- Pages:
- 196
- Genre:
- Business,Economic History, Business,
- Condition:
- New
- Availability:
- Item usually sent within 20 working days
Description
A Critical Re-examination of the Efficient Market Hypothesis The efficient market hypothesis (EMH) has been a cornerstone of financial research for over half a century. However, this theory has become increasingly dogmatic, with many academics and practitioners feeling pressured to adhere to its principles or risk being ostracized. This book delves into the intellectual fraud that has led to the widespread adoption of EMH, highlighting the role of statistics in shaping the "New Finance." The authors examine the exclusion of alternative theories from efficient markets research and the problems that have arisen from a dogmatic adherence to EMH.
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