Many studies have found evidence of market inefficiency that is statistically, but not economically, significant.

Question

Quizplus · Accepted Answer

While many studies have indeed found statistical evidence of market inefficiencies, such as anomalies or patterns that contradict the Efficient Market Hypothesis, these inefficiencies are often too small to be exploited for significant economic gain after accounting for transaction costs and risks.

Many Studies Have Found Evidence of Market Inefficiency That Is