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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.
File(s) available for this item:PDF - How efficient market theory has performed the U_10012017.pdf |
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Item Type: | Book Sections |
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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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