paper-machine comments on Bitcoins are not digital greenbacks - Less Wrong

6 Post author: lsparrish 19 April 2013 06:13PM

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Comment author: [deleted] 22 April 2013 08:21:31AM *  1 point [-]

I don't think the efficient market hypothesis is universally accepted among economists.

So, there's a continuum of EMHs from the strong-but-probably-false "markets react instantly to information" to the weak-but-more-plausible "markets on average tend to react to publicly available information, perhaps after some lag."

As that suggests, more economists accept the weaker forms than the stronger forms.