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Behavioral Finance Not To Be Ignored

One of the pillars of modern portfolio theory is the efficient market hypothesis (EMH), a theoretical framework for understanding how securities are valued in the marketplace. According to the EMH, the market is composed of well-informed and rational investors simultaneously making decisions that drive assets to their true value. Competing theories and volumes of research suggest, however, that the
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One of the pillars of modern portfolio theory is the efficient market hypothesis (EMH), a theoretical framework for understanding how securities are valued in the marketplace. According to the EMH, the market is composed of well-informed and rational investors simultaneously making decisions that drive assets to their true value.

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