From 2b7f5b9302db0f2a8d4882587ec5df1846a3e78f Mon Sep 17 00:00:00 2001
From: apo77yon <126520850+apo77yon@users.noreply.github.com>
Date: Sun, 26 Mar 2023 17:06:09 -0700
Subject: [PATCH] Update README.md

---
 MEV_and_trading/high_frequency/README.md | 9 +++++++++
 1 file changed, 9 insertions(+)

diff --git a/MEV_and_trading/high_frequency/README.md b/MEV_and_trading/high_frequency/README.md
index 50b27a8..3af2833 100644
--- a/MEV_and_trading/high_frequency/README.md
+++ b/MEV_and_trading/high_frequency/README.md
@@ -11,6 +11,15 @@
 
 <br>
 
+##### the efficient market hypothesis.
+
+<br>
+
+* the efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information.
+* ab implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.
+
+<br>
+
 ---
 
 ### projects and protocols