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Beyond performativity, how and why American courts should not have used Efficient market hypothesis [r-libre/1074]

Jovanovic, Franck (2018). Beyond performativity, how and why American courts should not have used Efficient market hypothesis. In Chambost, Isabelle; Lenglet, Marc, & Tadjeddine, Yamina (Ed.), The Making of Finance. Perspectives from the Social Sciences. Routledge.

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Item Type: Book Sections
Refereed: Yes
Status: Published
Abstract: This article provides a critical perspective on the performativity of the Efficient Market Hypothesis. It showed that this hypothesis is a fiction that created a hyper-reality rather than performed financial markets. Its use by practitioners, particularly courts and judges in the United States, has created a dialogue of deaf and has generated a gap between the observation of real financial markets and the reality practitioners and academics observe from this fiction. This gap has created and fuelled several misunderstandings discussed in this article.
Depositor: Jovanovic, Franck
Owner / Manager: Franck Jovanovic
Deposited: 11 May 2018 13:29
Last Modified: 09 Oct 2018 05:07

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