An Examination of the Efficient Market Hypothesis: The Evidence from Practitioners of Money Management

Augustine C. Arize, Andreas C. Christofi, John Malindretos, Brian Maruffi, Moschos Scoullis


This research study examines practical money management to find out the goals of practitioners as well as techniques that enable them to manage money. We specifically examine whether practitioners follow either the informational efficiency or inefficiency approach to invest for their clients. We corroborate their answers with their perceptions of their own performance evaluations.

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