效率市场理论在其核心是有矛盾的。
There is a contradiction at the centre of the efficient market hypothesis.
拥护效率市场理论的人将趋势和定律混为一谈。
Advocates of efficient market theory confuse a tendency with a law.
效率市场理论认为不受调控的市场才是有效且理性的。
The efficient markets theory is that unregulated markets are efficient and rational.
至少在学术圈，人们开始对于十年前流行的一种理论重拾兴趣，这种理论曾被效率市场理论的信奉者摒弃。
In academic circles, at least, there's been resurgence in interest in a theory that was popular a decade ago but had been dismissed by believers in efficient market theory.
如果效率市场理论是正确的，技术分析应该根本不会奏效；主要的市场价应该反映所有信息，包括过去的价格浮动。
If the efficient market theory is correct, technical analysis should not work at all; the prevailing market price should reflect all information, including past price movements.
这是经验教训，而不是当下讨论日炙的“效率市场”理论的摘要。
Why interfere? That was the lesson of experience, not an abstract devotion to the theory of "efficient markets," as is now increasingly argued.
从理论上来讲，市场营销只会面向潜在客户群，以此降低成本、增加营销效率。
In theory, only those customers likely to buy were targeted with marketing activity, reducing costs and increasing marketing efficiency.
他发现，那些标准理论认为留给市场去做会更有效率的很多经济决策，实际上最好是留给公司内部。
What he found was that many economic decisions that standard theory said would be more efficiently left to the market place were actually better left within a firm.
珐玛先生是通过一些简单的理论性例子得出效率市场假说理论的。
Mr. Fama arrived at the EMH through some simple theoretical examples.
效率工资理论认为，支付比市场工资更高的工资，劳动总成本可能更小，企业能获得更多的利润。
Efficiency wage theory holds that higher-than-market-rate wage payment may imply less total costs and hence greater profit to the business firm.
而外在效率就是有效市场理论所研究的信息效率。
The exterior efficiency is just the information efficiency studied by Efficient Market Theory.
内容包含三个主要部分：有效率市场假说，资本均衡理论和现代公司金融理论。
The contents contain three main parts: efficient market hypothesis, capital equilibrium theory and modern corporate financial theory.
这些影响是理性预期理论和有效率的市场假说。
These implications are in direct contradiction to the theory of rational expectations and the efficient market hypothesis.
本文从工作搜寻理论的两个模型入手，分析了工作搜寻成本及信息对劳动力市场配置效率的影响机制。
Based on two models of job search, this article analyses the mechanism of how the job - search cost and information influence the efficiency of labor market.
但既然金融危机让人们对效率市场假设产生怀疑(住房和抵押债的定价显然有误)，其他理论正在卷土重来。
But now that the financial crisis has discredited the efficient market hypothesis-clearly houses and mortgage bonds were mispriced-alternative theories are making a comeback.
企业契约理论以交易的视角审视企业组织交易效率，将交易观念从市场领域延伸到了企业内部；
Enterprise contract theory in the perspective of trade organization of transaction efficiency, extends transaction concept from market to the enterprise interior;
文章结合西方理论界对市场效率、金融市场效率的研究及我国学者的研究，提出了我国金融市场效率的内涵及评价角度。
This essay attempts to answer this question theoretically and offers a new prospective to evaluate it on the basis of both the western and domestic researches in this field.
而国内外关于市场结构、效率与银行绩效水平关系的理论和经验研究非常丰富，概括起来主要有市场力假说和效率结构假说。
There are plenty of studies on this topic either abroad or domestic. Nevertheless, most of them can be summarized into two theories: market power hypothesis and efficiency structure hypotheses.
基于蚁群算法研究给出了一种电力市场效率评价的理论方法。
Bases on ant colony algorithms, this paper studies and proposes a method of evaluating power market efficiency.
正如巴菲特先生自己所说的那样：拥护该理论的人“正确地看到市场一般情况下是有效率的，但进而又错误地认定市场总是有效率的。”
As Mr Buffett himself has put it: adherents of the theory, "observing correctly that the market was frequently efficient, went on to conclude incorrectly that it was always efficient."
如果市场异象显著存在，那么就可以判断中国股市的非半强效率，并且构成对市场有效性理论的一个挑战。
If market anomalies exactly exist, then the non-semi-strong - efficient of Chinese stock market can be judged, and the market efficiency theory will be challenged.
OECD经济学家认为，至少理论上讲，市场应该具有前瞻性及足够的效率，将这种变化体现在当前的价格中。
In theory, at least, markets should be forward looking and efficient enough to have already incorporated the shift into current prices, the OECD economists argued.
规制放松理论包括新自然垄断理论，可竞争市场理论、规制失灵理论、X—非效率理论；
The deregulation theory includes new natural monopoly theory, contestable market theory, regulation failure theory and X-efficiency theory.
遵循上述基本思路，本文按逻辑结构分为四章：第一章概述了当代外汇市场的基本特点，并从微观经济理论出发讨论了外汇市场效率的涵义及评价标准。
Following preceding logic, this paper is in four chapters:Chapter 1 gives a brief description of modern FX market, and thenbrings forward the definition and criterion of efficiency of FX market.
遵循上述基本思路，本文按逻辑结构分为四章：第一章概述了当代外汇市场的基本特点，并从微观经济理论出发讨论了外汇市场效率的涵义及评价标准。
Following preceding logic, this paper is in four chapters:Chapter 1 gives a brief description of modern FX market, and thenbrings forward the definition and criterion of efficiency of FX market.
应用推荐