This lecture introduces and critiques the Efficient Markets Hypothesis, the adaptive markets hypothesis, and describes the implications for our re-regulated financial system as a result of the recent series of crashes. Slides are Here. Some cool readings are below. Here is a recording of the lecture.
Burton Malkiel, The Efficient Market Hypothesis and its Critics
Neely et al, The Adaptive Markets Hypothesis: Evidence from the Foreign Exchange Market
Andrew Lo, The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective
Finally, here's Eugene Fama talking about the EMH:
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