Why Financial Markets Will Remain Marginally Inefficient?

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I summarize the recent work on market (in)efficiency, highlighting key elements why financial markets will never be made efficient. My approach is not by adding more empirical evidence, but giving plausible reasons as to where inefficiency arises and why it's not rational to arbitrage it away.
5 pages, 1 figure. based on a speech at Tokyo Econophysics Meeting, Nov 14th 2000

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Disordered Systems and Neural Networks, Trading and Market Microstructure

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http://salesiana.dossiersoluciones.com/handle/123456789/208691

Consulte el texto completo en el siguiente enlace:

https://arxiv.org/abs/cond-mat/0105373
 http://arxiv.org/abs/cond-mat/0105373

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arXiv