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Excited to present our ongoing research with @ThomDelcey about the association between the efficient market hypothesis and rational expectations. Thanks @Goulven_Rubin for the invitation #seminarH2M #phare #paris1! Here is a teaser/thread of what we got so far (comments welcomed)
2/ EMH and RE are today key benchmarks for macro and finance. What is rather surprising: many economists claim that the two concepts are equivalent (or closely related). We initially asked: Since when is it so?
3/ Although the association sounds logical and theoretically sensible, it is a puzzling association for historians, becauseā€¦
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