How Efficient Markets Undervalue Stocks: CAPM and ECMH under Conditions of Uncertainty and Disagreement

Authors

Lynn A. Stout, Cornell Law SchoolFollow

Document Type

Article

Publication Date

11-1997

Keywords

Efficient Capital Markets Hypothesis, ECMH, Capital Asset Pricing Model, CAPM, Warren Buffett, Postmodern finance, Noise trading theory, Noise theory, Chaos theory, Chaos finance, Market anomalies

Disciplines

Banking and Finance Law | Securities Law

Abstract

Comments

This article was written prior to the author's affiliation with Cornell Law School.

Recommended Citation

Stout, Lynn A., "How Efficient Markets Undervalue Stocks: CAPM and ECMH under Conditions of Uncertainty and Disagreement" (1997). Cornell Law Faculty Publications. 447.
https://scholarship.law.cornell.edu/facpub/447

Publication Citation

Published in: Cardozo Law Review, vol. 19, nos. 1-2 (September-November 1997).