Hipotesis Pasar Efisien: Konsep, Anomali dan Riset Keperilakuan

Abstract

According to the efficient market theory, the market is said to be efficient if 'security prices reflect all available information '. Other interesting aspect of the efficient market hypothesis is the strong evident of anomaly in the market, which appear to confront the efficient market hypothesis. Contradiction also a rises from its underlying assumption and the reality in the real condition of current market that criticized the term efficient and efficiency. But, the efficient market hypotheses still valuable and need to extensive behavioral research revealing in­ depth attitude of the market actor about information and price.