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A comment on Calling All Hackers: How money works (2024). Parent comment

Re:Calling All Hackers: How money works (2024) by littlestymaar on Thursday January 08, 2026 @02:07AM (#46538123)
See Bob Schiller's work (for which he received the econ Nobel prize in 2013).

The “weak version of EMH” has nothing to do with markets being “efficient”, it's a property of random markets. Assimilating the two just Fama's motte-and-bailey fallacy.

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Re:Calling All Hackers: How money works (2024) by eru on Thursday January 08, 2026 @02:20AM (#46538218)
When you say 'random' you probably mean that market prices are a Martingale? See https://en.wikipedia.org/wiki/Martingale_(probability_theory...

That's very, very related to being efficient.

> Assimilating the two just Fama's motte-and-bailey fallacy.

No, not at all.

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Re:Calling All Hackers: How money works (2024) by littlestymaar on Thursday January 08, 2026 @06:19AM (#46539771)
> That's very, very related to being efficient.

“No, not at all”.

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