Robert A.Haugen – The New Finance. The Case Against Efficient Markets

ROBERT A.HAUGEN – THE NEW FINANCE. THE CASE AGAINST EFFICIENT MARKETS

Haugen’s text makes the case for the inefficient market, positioning the efficient market paradigm at the extreme end of a spectrum of possible states. It presents a comprehensive and organized collection of the evidence and the arguments which constitute a strong and persuasive case for over-reactive markets.

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