Economics, Econometrics and Finance
3 years ago

Survey reveals: Few believe stock market is efficient, past volatility erodes confidence.

Applied Finance Letters
DO ECONOMIC FORECASTERS BELIEVE THE STOCK MARKET IS EFFICIENT? EVIDENCE FROM GERMANY
Richard Deaves, Michael Schröder, Adam Stivers, Ming Tsang

Paper Summary

The study found that most German market forecasters do not believe the stock market is efficient. They think past volatility shows the market is not efficient and will likely stay that way.

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