Market efficiency
The core debate over whether prices already reflect everything you know, and why that question decides which edges can exist.
| Citation | Paper | Access | Difficulty | Score |
|---|---|---|---|---|
| Shiller (1981) | Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? American Economic Review | Free | Technical | 0 |
| Grossman & Stiglitz (1980) | On the Impossibility of Informationally Efficient Markets American Economic Review | Paywalled | Technical | 0 |