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Smallbones (talk | contribs) →Excessive weight given to Efficient Markets Theory: put it back |
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::I put my comment back the way that I wrote it.
::It will be quite difficult to find a way to summarize the weight of the academic evidence on EMH and TA. The papers are numerous (though often they don't bother to directly mention TA), going back at least to the 1930's. They do have some grays in them: it is not all black and white. Nevertheless, I think that it's fair to say that 90% of the research goes against TA, and maybe 10% might be veiwed as supporting it. Others might say that it's 80%-20%, but that's about the extent of disagreement on this topic among academics. Is there any chance we could poll Wikipedian economists on this to get a more solid answer? [[User:Smallbones|Smallbones]] 08:56, 26 July 2007 (UTC)
:::Smallbones, where do you get 90%/10% or 80%/20%. First of all, before EMH, the markets were assumed to be inefficient, and were perfectly in compliance with the idea of TA. By going back to the 1930s to tally it up, is like including all the writings prior to Copernicus, 10 years after he figured out that the Earth was not the center of the universe. Please look at the recent evidence, not just the papers written back to 1930s. Like I said, I honestly went back to ssrn.com and could hardly find a paper written in the last 5 years that was negative on TA. This includes a survey on the subject. [[User:Sposer|Sposer]] 14:06, 26 July 2007 (UTC)
==Academic support or not==
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