The Efficient Market Hypothesis [EMH] began its intellectual life in the mid-1960s with bold positive claims: 1. The market price reflects all available information. 2. The market price represents the ...
“Nihilism” comes from the Latin word nihil, or nothing, or “that which does not exist.” Nihilism can be defined as the belief that all values, and therefore institutions, are baseless. Consequently, ...
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