Even if prices follow a random walk, they still may not be informationally efficient. Explain why this

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Even if prices follow a random walk, they still may not be informationally efficient. Explain why this may be true, and why it matters for the efficient allocation of capital in our economy.

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Investments

ISBN: 978-0077861674

10th edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: May 04, 2017 05:52 AM

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Even if prices follow a random walk, they still may not be informationally efficient. Explain why this

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Investments

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