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The Ascent of Market Efficiency – Finance That Cannot Be Proven - Cornell Scholarship Online
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The Ascent of Market Efficiency: Finance That Cannot Be Proven

Simone Polillo

Abstract

This book weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one of the central theories of financial economics—the influential efficient-market hypothesis—which states that the behavior of financial markets is unpredictable. As the notorious quip goes, a blindfolded monkey would do better than a group of experts in selecting a portfolio of securities, simply by throwing darts at the financial pages of a newspaper. How did such a hypothesis come to be so influential in the field of financial economics? How did f ... More

Keywords: financial economics, efficient-market hypothesis, financial markets, data analysis, finance

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9781501750373
Published to Cornell Scholarship Online: January 2021 DOI:10.7591/cornell/9781501750373.001.0001

Authors

Affiliations are at time of print publication.

Simone Polillo, author
University of Virginia