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What Makes "Self-Discrepancy Theory" a Theory and Not, for Instance

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Essay

What makes "self-discrepancy theory" a theory and not, for instance, a hypothesis?


Definitions:

Strong Form

A hypothesis suggesting that market prices fully reflect all information, both public and private, implying no one can consistently achieve higher returns.

Market Efficiency

A concept that describes how well prices in financial markets reflect all available and relevant information.

Insider Information

Private knowledge about a public company that could provide a financial advantage in the stock market if it were made public.

Insider Trading

The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.

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