Fiedor, Paweł - In: Risks 3 (2015) 2, pp. 219-233
Due to the strong complexity of financial markets, economics does not have a unified theory of price formation in … financial markets. The most common assumption is the Efficient-Market Hypothesis, which has been attacked by a number of …-mentioned studies allow any general understanding of how the financial markets work, beyond disproving the Efficient-Market Hypothesis …