The Theory of Stock Market Efficiency. This paper examines the theory of Stock Market Efficiency. Initially it is defined, outlined and its implications considered. Subsequently, evidence of its validity is presented. Then evidence that seems to support alternative theories is considered. This paper concludes that stock market efficiency is a useful theory although it is limited it is valuable. 5 pgs. Bibliography lists 9 sources. Pages: 5 Bibliography: 9 source(s) listed Filename: 10076 Theory Market Efficiency.doc Price: 44.75