Explain the efficient market hypothesis behavioural finance

Reference no: EM133520934

Essay Assignment

Write an essay between 800 and 1200 words (excluding references), consisting of three tasks:

I. Read and summarize the following article: Malkiel, B. G. (2012). The Efficient-Market Hypothesis and the Financial Crisis. In A. S. Blinder, A. W. Loh, and R. M. Solow (Eds.), Rethinking the Financial Crisis, Russell Sage Foundation, New York.

II. Explain the efficient market hypothesis (EMH), behavioural finance, and their relevance in explaining asset price bubbles.

III. In the end of the article, Malkiel concluded that"EMH and behavioural finance should not be considered as competitive models".

Discuss how he reached this view, and provide your view on this statement.

Reference no: EM133520934

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