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Documents Lecture 6: Efficient Markets and Excess Volatility.

Slide 1Lecture 6: Efficient Markets and Excess Volatility Slide 2 The Efficient Markets Hypothesis History of the Hypothesis Reasons to think markets are efficient Reasons…

Documents Market Failures Ing. Marek Vyskočil. Market efficiency Revision: o The invisible hand of...

Slide 1Market Failures Ing. Marek Vyskočil Slide 2 Market efficiency Revision: o The invisible hand of competitive markets o Price mechanism o Pareto efficiency o Individual´s…