Work by the behavioural economists Robert Shiller and Daniel Kahnemann strongly supports the weak and semi-strong forms of the Efficient Market Hypothesis.

Question

Quizplus · Accepted Answer

The work of Shiller and Kahnemann actually challenges the Efficient Market Hypothesis, particularly in their research on market bubbles and investor behavior. They argue that emotions and irrationality can lead to market inefficiencies and deviations from rational expectations.

Work by the Behavioural Economists Robert Shiller and Daniel Kahnemann