Market Efficiency vs. Behavioral Finance
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FAKHOURY, S. (2020). Market Efficiency vs. Behavioral Finance. Proche-Orient Études En Management, 32(1), 13-31. Consulté à l’adresse


This article discusses two of the most important theories in modern finance, the Efficient Market Theory and the Behavioral Finance Theory. The understanding of those theories will help shape each investor’s investment strategy. It concludes that a paradigm shift is actually happening. Both traditional and behavioral elements will be combined in order to better understand the way markets function and the nature of its actors.

PDF (English)