Economics, Econometrics and Finance
4 years ago

Stock Market Efficiency Questioned as Share Prices Defy Economic Events

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RePEc: Research Papers in Economics
IS THE STOCK MARKET EFFICIENT
Burton G. Malkiel

Paper Summary

The stock market may not always accurately reflect all information, as shown by the 1987 crash. Some believe share prices are too volatile to be explained by economic events. However, the efficient market hypothesis may not be dead yet.

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