Question: Malkiel describes the trials and tribulations of the Efficient Market Hypothesis (EMH) after several decades of consideration by economists. Describe our most recent understanding of

Malkiel describes the trials and tribulations of the Efficient Market Hypothesis (EMH) after several decades of consideration by economists. Describe our most recent understanding of this hypothesis and what it means and explain the criticisms of the EMH that have evolved over time.

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The Efficient Market Hypothesis EMH posits that financial markets efficiently incorporate and reflect all available information making it impossible f... View full answer

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