Why financial markets are inefficient

Roger E. A. Farmer , 22 January 2013



Writing in a review of Justin Fox’s book The Myth of the Efficient Market, Richard Thaler (2009) has drawn attention to two dimensions of the efficient markets hypothesis, what he refers to as:

Topics: Financial markets, Macroeconomic policy
Tags: efficient market hypothesis, Finance, first welfare theorem, market fluctuations

New light on choice of investment strategy

Dimitri Vayanos, Paul Woolley, 18 January 2012



January finds many pondering the issue of what to do with their savings in the new year. There are two primary and distinct techniques of asset management: momentum and fair value.

Topics: International finance
Tags: efficient market hypothesis, investment, investment strategy

Capital market theory after the efficient market hypothesis

Dimitri Vayanos, Paul Woolley, 5 October 2009



Forty years have passed since the principles of classical economics were first applied formally to finance through the contributions of Eugene Fama (1970) and his now-renowned fellow academics.

Topics: Financial markets
Tags: asset pricing, Behavioural economics, efficient market hypothesis

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