Ausloos, M. - In: Physica A: Statistical Mechanics and its Applications 284 (2000) 1, pp. 385-392
Recent observations have indicated that the traditional equilibrium market hypothesis (EMH; also known as Efficient Market Hypothesis) is unrealistic. It is shown here that it is the analog of a Boltzmann equation in physics, thus having some bad properties of mean-field approximations like a...