1. For a review and critique of the relevant literature, see E.C. Pasour, Jr. “The Efficient-Market Hypothesis and Entrepreneurship,”Review of Austrian Economics 3 (1989): 95–107.
2. Horace W. Brock and Jeffrey A. Frankel, “Review of the Efficient Market Hypothesis,”Strategic Economic Design (November 1991).
3. Ibid. Horace W. Brock and Jeffrey A. Frankel, “Review of the Efficient Market Hypothesis,”Strategic Economic Design (November 1991).
4. Burton G. Malkiel,A Random Walk Down Wall Street (New York: W.W. Norton, 1985), p. 194.
5. .