[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"exercise-C2-1513":3},{"preview":4,"open":13,"missing":31},{"id":5,"number":6,"total":6,"level":7,"course":8,"activity":9,"discriminator":10,"title":11,"slug":12,"instructions":13,"excerpt":14,"prompts":15,"lock":18,"access":19,"updated":20,"previous_id":21,"next_id":13,"previous":22,"next":13,"first":26},1513,81,"C2","reading","long_text","reading_long_text","The Myth of the Rational Market","the-myth-of-the-rational-market",null,"The hypothesis that financial markets are efficient - that asset prices at any given moment reflect all available information and therefore cannot be systematically outperformed by any individual investor - has been, for the better part of half a century, the central dogma of academic finance. Formulated in its…",[16,17],"What practical consequences did the efficient market hypothesis have for financial policy?","Why did the weaker forms of the efficient market hypothesis prove so durable?","login","pro","2026-10-02T14:14:49",1512,{"id":21,"number":23,"title":24,"slug":25},80,"The Illusion of the Present","the-illusion-of-the-present",{"id":27,"number":28,"title":29,"slug":30},1433,1,"The Marquis's Tale","the-marquis-s-tale",false]