Some observers have argued that the financial crisis has disproven what has become known as the "efficient market hypothesis." But the conclusions of the hypothesis are more modest than its critics often suggest.
Jones, Steven, and Jeffry Netter. "Efficient Capital Markets." In David R. Henderson (ed.), The Concise Encyclopedia of Economics. Indianapolis: Liberty Fund, 2008.
Lo, Andrew. "Efficient Markets Hypothesis." In Steven N. Durlauf and Lawrence E. Blume (eds.), The New Palgrave Dictionary of Economics, Second Edition. New York: Palgrave Mcmillan, 2008.
Shiller, Robert J. "From Efficient Markets to Behavioral Finance." Journal of Economic Perspectives, Winter 2003, vol. 17, no. 1, pp. 83-104.
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