In our last article entitled, "Intrinsic Value is Subjective," we presented decisive empirical evidence that directly falsified the Efficient Market Hypothesis (EMH). We showed that even under ...

I began this article with the goal of addressing an academic notion, the efficient-market hypothesis, or EMH. My research dissuaded me. In one University of Chicago article, a faculty member questions ...

Learn about arbitrageurs, including how they exploit market inefficiencies and drive market efficiency by profiting from ...

Is the growth of passive investing a threat to the stability of the stock market? A new study says you shouldn't worry. There have been several very successful investing trends in the last 30 years.

Weak form market efficiency is a concept that suggests past stock prices and trading volumes do not predict future stock prices. In a weak form efficient market, all historical information is already ...

Exchange traded funds (ETFs) have improved the efficiency of stock markets in the developed world, new research suggests. The study concludes that ETFs have reshaped how equity markets incorporate ...

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

If no one had ever thought of that one, we all would have been market timing all along. In every other market that exists, people buy more of the thing offered for sale when it is priced well than ...

Following the COVID-19 pandemic, Korea’s unemployment rate has remained significantly lower than pre-pandemic levels. This paper examines the dynamics of unemployment through a framework of labor ...