Chapter | Macroeconomics and Finance: Essays in Honor of Franco Modigliani | 1987

On the Current State of the Stock Market Rationality Hypothesis

by Robert C. Merton

Keywords: Financial Markets; Stocks; Mathematical Methods;

Citation:

Merton, Robert C. "On the Current State of the Stock Market Rationality Hypothesis." In Macroeconomics and Finance: Essays in Honor of Franco Modigliani, edited by R. Dornbusch, S. Fischer, and J. Bossons. Cambridge: MIT Press, 1987.