Question: If share prices follow a random pattern, does this not mean that the market is acting in an irrational (and inefficient) manner?

If share prices follow a random pattern, does this not mean that the market is acting in an irrational (and inefficient) manner?

Step by Step Solution

3.45 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

No New information concerning a business is likely t... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Financial Management Questions!