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- W180711161 abstract "So far, our analysis has concentrated on weak form information efficiency in betting markets. In this chapter the focus turns to semi-strong and strong form efficiency. Semi-strong form information efficiency is the notion that current prices incorporate all publicly available information. In consequence, in a financial market which is semi-strong efficient it should not be possible to earn above-average or abnormal returns on the basis of information which is publicly available. In a market which is strong form efficient it should not be possible to do so even if given all information, including private information. Indeed, any such strategy should on average yield the same return, unless there are differential costs or risks associated with these strategies." @default.
- W180711161 created "2016-06-24" @default.
- W180711161 creator A5078317275 @default.
- W180711161 date "2005-09-29" @default.
- W180711161 modified "2023-09-23" @default.
- W180711161 title "Semi-strong and strong form information efficiency in betting markets" @default.
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- W180711161 doi "https://doi.org/10.1017/cbo9780511493614.004" @default.
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