Re:Markets are efficient if and only if P=NP (2010)
by LolWolf on Wednesday October 21, 2020 @11:21AM
(#24848691)
It doesn’t really make sense in this case though, does it? One example is that Knapsack can be approximately solved in polynomial time for all tolerances eps (I.e., it has a Fully-polynomial time approximation scheme, or FPTAS). The EMH is only talking about essentially approximate behavior (as the paper also mentions, with repeated experiments).
If we're trying to prove np-hardness we do.