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perfect market hypothesis the market value of any firm ..
Thus we may call the black hole focal sphere an "ultimate learning device," as it would capture as much remaining nonlocal information as may be theoretically possible, in the shortest local time possible, allowing all black hole civilizations to record remaining universal reality as fast as possible, then update their perennially imperfect and incomplete models as best as possible prior to interaction with other civilizations.
Firms will then operate as if theywere perfectly competitive and sell at a price which only covers their average costs(so that they earn zero economic profit) even if there is only one firm or a few ofthem in the market.
Efficient Market Hypothesis - Morningstar
If an arbitrageurs were able to make net positive economicprofits in a consistent basis for a long period of time, more individuals wouldhave entered the arbitrage business until such situation become close toimpossible to happen again, a so-called “Long run perfectly competitive marketequilibrium” in 2nd year Micro.
Second,except for the piece of news, there may be some other news simultaneouslyaffecting Wal-Mart’s future performance, e.g., consumer confidence becomingstronger, etc.
Efficient Market Hypothesis: Is The Stock Market Efficient?
The equations we send them would be imperfect, as we would not be "Gods", but finite computational beings, and the way we frame universal knowledge would be from our own unique and necessarily incomplete world view.
Therefore, black-hole-like destinations seem to me to be not only the places where universal intelligence can gain the most insight and consciousness, but the they are also gateways to the only instantaneous way to communicate, and meet other advanced civilizations, each with their own diverse and imperfect universe models of reality, and compare and contrast our life experiences and simulations, prior to whatever it is we do next.
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Efficient Market Hypothesis: Is The Stock Market …
Even students of finance suffer from systematic ignorance about the forces of speculation because modern textbook finance theory is largely based on an impossibly unrealistic starting point: the (EMH). EMH is the finance theory analog of the microeconomic assumption of perfect markets. It includes many of the same precepts, such as ignoring private power, but it adds other unrealistic assumptions as well. Once the real power of insider speculation is recognized, EMH is exposed as an element of the . Financial markets must be more or less inefficient, but efficiency in the EMH sense is impossible in the context of the private power that the financial system itself generates.
What is Efficient Market Theory? definition and meaning
Analogous to the perfect market assumption of microeconomics that all buyers and sellers are too small for their own choices to affect the price of a good or service, the EMH assumes that all investors are too small to affect the value of any security they might trade. This is not only unlikely; it is impossible. Any issuer of any security (stock or bond) must be large enough to affect the value of its own securities, at least. Far beyond that, large corporations and rich investors always have the power to put into play nearly any specific security at their whim. If a security is not in play, modern financial theory may be adequate to describe some of the issues involved in securities and derivatives prices, but whenever a security is in play, EMH-based finance theory is hopelessly inept at predicting the result. This is when my strategic method is needed.
Efficient Markets Hypothesis: History
Inside players may aim to push prices far out of equilibrium, but outsiders, duped perhaps by the EMH, do not recognize them as artificial. This sort of manipulation can be applied to commodity prices, not just financial contracts, so it might directly impact prices outside the financial sector, but for now I will offer financial examples. Just as in military strategy, several factors influence the success of such operations: pricing power, capital reserves, surprise, and deception. If all of these favor the players, quick profits will result. Incidentally, the Greek of 2010 has all the hallmarks of such an insider power play, yet few in the media recognize the obvious.
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