The Uses and Concept of Efficient Market Hypothesis Finance Essay
The Efficient Market Hypothesis is one of the most important and widely disputed propositions in finance and economics(pesaran(2010)). There is no doubt that EMH is a cornerstone of modern finance. Market efficiency is a concept intimately related to the diffusion of information. In retrospect, we see that The efficient market hypothesis is inextricably related to the Random walk theory as Reilly and brown (2005) asserts that the primary work of EMH is based on random walk theory. It is commonly […]