A Brief History of Market Efficiency

Author: Elroy Dimson

Every finance professional employs the concept of market efficiency. The theory, evidence and counter evidence focus on a couple of dozen highly influential articles published during the twentieth century. We summarise the origins of and interlinkages between these contributions to the history of finance.



European Financial Management, Volume 4, Number 1, March 1998, pp 91-193
Source: http://citeseerx.ist.psu.edu/viewdoc/download...

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