What is the law of one price? How do closed-end funds violate the law of one price? According to economist Richard H. Thaler, one argument against the efficient market hypothesis is the violation of the law of one price. This is a thesis from traditional economics that a security should never sell at two different prices at the same time. Continue reading to learn more about why the law of one price isn’t consistent with the efficient market hypothesis.
What Is the Law of One Price? How It Disputes the EMH










