Glossary

Glossary

Term Book Chapter Definition
Efficient Market Hypothesis Behavioral Finance Chapter 6: Behavioral Finance and Market Anomalies The traditional finance theory that the markets are always efficient, meaning all available information is already reflected in the prices of securities.
Efficient Market Hypothesis Jobs in Finance Further Reading A concept that proposes it is impossible to 'beat the market' because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information. This idea is explored in 'A Random Walk Down Wall Street' by Burton G. M