The efficient market hypothesis is based on the notion that ... future market values of individual securities, and where important current information is almost freely available to all ...

The famed efficient market hypothesis, or EMH, is widely accepted by academics and modern investors. The hypothesis states that stock prices reflect all available information at any given time ...

But, my take is that it was also a big win for behavioral finance by disproving the efficient market hypothesis. Penn State Throws Away Orange Bowl Against Notre Dame Before They Were Icons ...

The idea that market prices reflect the latest data and information available to the public is known as price efficiency. Price efficiency refers to the idea that the price of a security or asset ...

“The Less-Efficient Market Hypothesis.” Asness’s article — forthcoming in the Journal of Portfolio Management — amounts to a ...