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icebraining
on May 7, 2018
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California to become first U.S. state mandating so...
That's a misrepresentation of the efficient market hypothesis. It does not rely on the assumption that humans are rational.
vonmoltke
on May 7, 2018
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No, but it does assume the irrationality maps to a random distribution.
icebraining
on May 7, 2018
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parent
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How could it not?
3pt14159
on May 7, 2018
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root
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Cultural prejudice?
icebraining
on May 7, 2018
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root
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I don't think that prevents a random distribution, only some kinds of them. But I'm not expert in statistics, let alone the EMH.
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