"The Efficient Markets Hypothesis Dethroned" by Jed Ellerbroek

Article Title

The Efficient Markets Hypothesis Dethroned

Authors

Jed Ellerbroek, University of Northern Iowa

Document Type

Article

Abstract

Impending changes in social security as well as in corporate and government policies are making individuals more responsible for their retirement savings. As a result, knowledge of investing concepts and financial markets is more important than ever before. The efficient markets hypothesis, the dominant financial markets theory, is described and analyzed. In doing so assumptions are questioned and the three forms of market efficiency are evaluated in quantitative and qualitative fashion to determine whether the efficient markets hypothesis is an accurate view of financial markets. This paper concludes that the efficient markets hypothesis does not accurately describe U.S. stock market activity.

Publication Date

Spring 2005

Journal Title

Major Themes in Economics

Volume

Issue

First Page

Last Page

Copyright

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Language

File Format

application/pdf

Recommended Citation

Ellerbroek, Jed (2005) "The Efficient Markets Hypothesis Dethroned," Major Themes in Economics, 7, 3-30.
Available at: https://scholarworks.uni.edu/mtie/vol7/iss1/3