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Lecture Investments (6/e) - Chapter 12: Market efficiency and behavioral finance

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In this chapter we explore the reasoning behind what may seem a surprising conclusion. We show how competition among analysts leads naturally to market efficiency, and we examine the implications of the efficient market hypothesis for investment policy. We also consider empirical evidence that supports and contradicts the notion of market efficiency. | Lecture Investments 6 e - Chapter 12 Market efficiency and behavioral finance

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