>The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.
Is the EMH true? Alternatively, because if, and only if, is P=NP?
Is the EMH true? Alternatively, because if, and only if, is P=NP?
