efficient-market hypothesis

GPTKB entity

Statements (27)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:assumes information is freely available
no transaction costs
rational investors
gptkbp:category financial economics
market efficiency
gptkbp:criticizedFor gptkb:Robert_Shiller
gptkb:Warren_Buffett
gptkbp:debatedBy academic finance
gptkbp:describes asset prices reflect all available information
gptkbp:field economics
finance
gptkbp:form semi-strong form
strong form
weak form
gptkbp:hasConcept impossible to consistently outperform the market
https://www.w3.org/2000/01/rdf-schema#label efficient-market hypothesis
gptkbp:influenced gptkb:capital_asset_pricing_model
modern portfolio theory
index fund investing
gptkbp:opposedBy behavioral finance
gptkbp:proposedBy Eugene Fama
gptkbp:publishedIn gptkb:Journal_of_Finance
gptkbp:relatedTo random walk theory
gptkbp:yearProposed 1970
gptkbp:bfsParent gptkb:Eugene_F._Fama
gptkbp:bfsLayer 5