In efficient markets, such an anomaly should be arbitraged away.

在有效市场中，这种异常情况理应被判出局。

youdao

For those who believe in efficient markets, this represents a triumph.

对那些相信有效市场理论的人来说，这代表着一场胜利。

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'Why doesn't his belief in efficient markets determine every step he takes with his own money?

为什么他对有效市场的信念没能主导他在自己金钱上的每一步行动呢？

youdao

In a sense, efficient markets would require that everybody -every analyst rushes out and completes Eric Lee's study.

在某种意义上,有效市场需要所有人,所有分析员一起去完成埃里克·李的研究

耶鲁公开课 - 金融市场课程节选

Efficient markets" is a theory about-- well it came in about three decades ago, maybe it's closer to four decades ago-- it's a theory that financial markets work very well and incorporate information very well.

有效市场是...,大约三十年前,甚至四十年前,有人提出了这一假说,他认为金融市场运行良好,而且信息披露全透明

耶鲁公开课 - 金融市场课程节选

On the other hand--and this is something that I want to emphasize-- you don't want to carry that too far and one of the lessons of behavioral finance is that markets are not really efficient in a global sense.

而另一方面,我想强调的是...,不要认为这就是真理,行为经济学中的一课就说,从全球的角度看,市场并非全然是有效的

耶鲁公开课 - 金融市场课程节选

This means that more efficient banks will inevitably get a bigger share of the cake in concentrated markets, such as Britain, and buy weaker, less efficient competitors in fragmented markets such as America.

ECONOMIST: Winners and losers

Our customers say they come back to us because we provide the most liquid and cost-efficient markets in the world.

ECONOMIST: Smoking slaves

Malkiel was in essence embracing the efficient markets theory that says fund managers as a group cannot outperform the market, so investors who pay big commissions and other management expenses are cheating themselves.

FORBES: About Burton Malkiel