Jim wrote: > Instead of describing perfect foresight about the gyrations of > asset prices, the EMH is only right _on average_ (under the assumption > of Gaussian randomness, etc.) with given information about underlying > asset values.
You probably meant that the asset prices (not the EMH) are only right on average. That's right. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
