A brief history of market efficiency
梳理20世纪二十余篇高影响力文献,追溯市场效率理论的起源与关联,适合金融从业者及学者快速了解该概念的发展脉络。
Every finance professional employs the concept of market efficiency. The theory, evidence and counter‐evidence focus on a couple of dozen highly influential articles published during the twentieth century. We summarise the origins of and interlinkages between these contributions to the history of finance.