Learn how behaviorists explain market inefficiencies through human psychology. Discover key concepts in behavioral economics and finance that challenge rational models.

The efficient market hypothesis is based on the notion that prices for securities or assets in a market are always reflective of all information available to investors. The efficient market hypothesis ...

The Efficient Market Hypothesis stated across all markets simultaneously is false, but there is a lot of nuance, and there are numerous nuanced violations worth knowing about. Whether the EMH is true ...

The Efficient Market Hypothesis (EMH) has retreated from bold claims of efficiency to a weaker defense that abandons its original claims. The "nihilist defense" simply asserts most active managers ...