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    Hello,
    I've an assignment to submit but I don't really understand the task to do or I'm not sure if I understand lol.
    Here is the subject:
    " It is widely assumed that “[…] asset prices such as stock prices alwaysincorporate the best information about fundamental values and thatprices change only because of good, sensible information […]” (Shiller,2003, page 83).Describe a theoretical framework of classifying market efficiency andassess to what extent the above quote is relevant in terms of explainingthe pricing of securities on the financial markets. Additionally, assess towhich extent and under which conditions such framework applies."
    What are the points my work should cover?
    Thank you
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    (Original post by andrewsbassila)
    Hello,
    I've an assignment to submit but I don't really understand the task to do or I'm not sure if I understand lol.
    Here is the subject:
    " It is widely assumed that “[…] asset prices such as stock prices alwaysincorporate the best information about fundamental values and thatprices change only because of good, sensible information […]” (Shiller,2003, page 83).Describe a theoretical framework of classifying market efficiency andassess to what extent the above quote is relevant in terms of explainingthe pricing of securities on the financial markets. Additionally, assess towhich extent and under which conditions such framework applies."
    What are the points my work should cover?
    Thank you
    Here is some reading to get you started from wiki re EMH which I am guessing is where you need to start.

    https://en.wikipedia.org/wiki/Effici...ket_hypothesis
 
 
 
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