TY - BOOK AU - Williams,Edward E. AU - Dobelman,John A. TI - A Random Walk to Nowhere: How the Professors Caused a Real "Fraud-on-the-Market" SN - 9789811208355 U1 - 332.015195 23 PY - 2020///] CY - Singapore ; Hackensack, NJ PB - World Scientific Publishing KW - Efficient market theory KW - Statistical methods KW - Mathematical models KW - Random walks (Mathematics) N1 - Includes bibliographical references and index N2 - "This book is about an intellectual fraud, one that has become part of legal doctrine that has greatly influenced decisions all the way up to the United States Supreme Court. The "efficient market hypothesis" (EMH), born from the Random Walk theory, started out as an honest attempt to improve insights into how financial markets work, but eventually became almost a religion that every financial economist had to buy ER -