Skip to main content
Book Chapter

Why Financial Markets Will Remain Marginally Inefficient

  • Zhang Y
Springer Japan, (2002), 289-293
DOI: 10.1007/978-4-431-66993-7_31
N/ACitations
Citations of this article
8Readers
Mendeley users who have this article in their library.
Get full text

Abstract

I summarize the recent work on market (in)efficiency, highlighting key elements why financial markets will never be made efficient. My approach is not by adding more empirical evidence, but giving plausible reasons as to where inefficiency arises and why it's not rational to arbitrage it away.

Cite

CITATION STYLE

APA

Zhang, Y.-C. (2002). Why Financial Markets Will Remain Marginally Inefficient. In Empirical Science of Financial Fluctuations (pp. 289–293). Springer Japan. https://doi.org/10.1007/978-4-431-66993-7_31

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free