In finance, the efficient-market hypothesis (EMH) asserts that financial markets are "informationally efficient". Investors and researchers have disputed this. Behavioral economists attribute the imperfections in financial markets to a combination of cognitive biases such as overconfidence, overreaction, representative bias, and information bias. These temporary shocks referred to as "noise" can obscure the true value of securities for many years.
Finance Dissertation Test of Efficient Market Hypothesis in Indian Indices. This dissertation focuses on the current state of EMH existence in top 4 Indian Indices namely Auto, Bank, IT and Pharma. If an efficient market should occur, disparity between the market price of a script and its intrinsic value, it would be exploited by savvy speculators. this "temporary inefficiency.
Financial Markets by Robert Schiller at Yale It's introductory finance, and being financially literate is a big asset for an entrepreneur. The Professor, Robert Schiller, is a world-renowned economist who wrote the best-seller Irrational Exuberance--debunking the "random walk" efficient market hypothesis (that the market rationally reflects all existing information) and accurately predicting the 2000 dot-com crash and the 2008 housing crash.