This is a free sample excerpt of the paper. Join to view the full essay
|
Efficient Market Theory: A Contradiction Of Terms
Part 1 of Paper
.... 1-1
References A-1
Abstract
According to the Efficient Market Theory, it should be extremely difficult
for an investor to develop a "system" that consistently selects stocks that
exhibit higher than normal returns over a period of time. It should also
not be possible for a company to "cook the .... Part 2 of Paper
....s, and companies cannot "cook the books" to artificially
manipulate stock and bond prices. However, information technology and
market dynamics are based upon the workings of ordinary people and diverse
organizations, neither of which are arguably efficient nor consistent.
Therefore, we have the basic contradiction of EMT: How can a theory based
on objective mechanical efficiency hold up when applied to subjective human
inefficiency?
As a case in point, America Online (AOL) offers a classic exa.... |
| Number of words: 754 - Approximate pages: 3 |
|
Here are PaperHelp we are used to dealing with students in a rush to complete their research papers on a tight deadline. That is why when you
join our site, your account is activated immediately enabling you to get the information you need as quickly as possible. We also know that
students usually are on a tight budget, which is why we give you access to a large number of papers, 45,000+ to exact, for one low monthly
price. With so many essays available, there is a very good chance you'll be able to find what you need. So join today and get your paper
done.
| Length |
Membership Type |
Price |
Register |
| 30 days |
recurring |
$19.95 |
| 90 days |
recurring |
$39.95 |
| 180 days |
non-recurring |
$69.95 |
|
|
|
