Freshwater, Saltwater, and Deepwater: Efficient Market Hypothesis versus Behavioral Finance. by Wójcik, D, Kreston, N, McGill, S

“…The efficient market hypothesis (EMH) and behavioral finance (BF) form the blame-hope axis of the ongoing soul-searching exercise in economics, which frequently refers to the 'Chicago School' and the ideological division between 'freshwater' and 'saltwater' universities. …”

The mechanism of derivatives market efficiency by Awrey, D

“…The high point of this equity-centric view coincided with the development of a significant body of empirical literature examining the efficient market hypothesis (EMH): the prediction that prices within an efficient stock market will fully incorporate all available information. …”

Stamp duty on shares and its effect on share prices. by Bond, S, Hawkins, M, Klemm, A

“…As expected under the efficient markets hypothesis, the implementation of cuts (when at a different date from the announcement) did not affect returns differentially.…”

Frontiers of finance: Evolution and efficient markets by Farmer, J, Lo, A

“…We begin with the Efficient Markets Hypothesis and describe how this controversial idea has stimulated a number of new directions of research, some focusing on more elaborate mathematical models that are captable of rationalizing the empirical facrts, others taking a completely different different tack in rejecting rationality altogether. …”

Noisy share prices and the Q model of investment. by Bond, S, Cummins, J

“…We show that the usual empirical formulation may fail to identify the Q model when stock market valuations deviate from the present value of expected net distributions in ways that are consistent with weak and semi-strong forms of the Efficient Markets Hypothesis. We show that the structural parameters of the Q model can stil be identified in this case using a direct estimate of the firm's fundamental value, and implement this using data on securities analysts' earnings forecasts for a large sample of publicly traded US firms. …”

Stylized facts and close dialogue: methodology in economic geography by Clark, G

“…The paper begins with this distinction and argues that Krugman's theory-enslaved stylized facts may impoverish theoretical innovation in economic geography just as the efficient-markets hypothesis has had severe consequences for research in finance. …”

Stylized facts and close dialogue: methodology in economic geography by Clark, G

“…The paper begins with this distinction and argues that Krugman's theory-enslaved stylized facts may impoverish theoretical innovation in economic geography just as the efficient-markets hypothesis has had severe consequences for research in finance. …”