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The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
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returns on Fridays, and a trading strategy based on this anomaly is shown to generate annual profits of up to 25%. The …
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asymmetrical aspects of an inefficient market contribute to excess volatility and returns. The findings are crucial for retail …
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