First, the efficient market hypothesis assumes that all investors perceive all available information in precisely the same manner.

FORBES: by Jason Van Bergen

Both Mr Merton and Mr Scholes adhered to the efficient-market hypothesis that the prices of financial assets always affect all available information.

ECONOMIST: Business books (4)

For what it is worth, however, my layman's view is that the available data remains so inconclusive, if not dispositive against the global warming hypothesis, as to argue against making such efforts at the expense of America's economic growth and the quality of life of its citizens.

CENTERFORSECURITYPOLICY: Center For Security Policy