Triple

T827218
Position Surface form Disambiguated ID Type / Status
Subject Chicago School economics E17879 entity
Predicate notableConcept P201 FINISHED
Object efficient market hypothesis
The efficient market hypothesis is a financial theory asserting that asset prices fully and immediately reflect all available information, making it impossible to consistently achieve returns above the market average through information-based trading.
E96714 NE FINISHED

How this triple was built (4 steps)

Every LLM step that produced this triple, in pipeline order — named-entity classification, the disambiguation choices (the exact options shown, with the pick highlighted), and the generated description. The batch + timestamp of each is in the Provenance table below.

NER Named-entity recognition gpt-5-mini
Instruction
Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).
Input
Phrase: efficient market hypothesis | Statement: [Chicago School economics, notableConcept, efficient market hypothesis]
NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07
Target entity: efficient market hypothesis
Context triple: [Chicago School economics, notableConcept, efficient market hypothesis]
  • A. Black–Scholes model
    The Black–Scholes model is a fundamental mathematical framework in financial economics for pricing options and other derivatives by modeling asset prices as stochastic processes.
  • B. Triumph of the Market
    Triumph of the Market is a critical work by economist and media analyst Edward S. Herman that examines the social and political consequences of neoliberal, market-driven policies.
  • C. neoclassical economics
    Neoclassical economics is a dominant school of economic thought that explains prices, output, and income distribution primarily through marginal analysis, individual rational choice, and market equilibrium.
  • D. Ricardian equivalence
    Ricardian equivalence is an economic theory proposing that consumers anticipate future taxes implied by government borrowing and therefore adjust their saving so that deficit-financed tax cuts do not affect overall demand.
  • E. IS-LM model
    The IS-LM model is a macroeconomic framework that depicts the interaction between the goods market and the money market to determine equilibrium output and interest rates.
  • F. None of above. chosen
  • G. Unsure - the case is ambiguous/there is not enough information to decide.
NEDg Description generation gpt-5.1
Instruction
Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"
Input
Entity: efficient market hypothesis
Triple: [Chicago School economics, notableConcept, efficient market hypothesis]
Generated description
The efficient market hypothesis is a financial theory asserting that asset prices fully and immediately reflect all available information, making it impossible to consistently achieve returns above the market average through information-based trading.
NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07
Target entity: efficient market hypothesis
Target entity description: The efficient market hypothesis is a financial theory asserting that asset prices fully and immediately reflect all available information, making it impossible to consistently achieve returns above the market average through information-based trading.
  • A. Black–Scholes model
    The Black–Scholes model is a fundamental mathematical framework in financial economics for pricing options and other derivatives by modeling asset prices as stochastic processes.
  • B. Triumph of the Market
    Triumph of the Market is a critical work by economist and media analyst Edward S. Herman that examines the social and political consequences of neoliberal, market-driven policies.
  • C. neoclassical economics
    Neoclassical economics is a dominant school of economic thought that explains prices, output, and income distribution primarily through marginal analysis, individual rational choice, and market equilibrium.
  • D. Ricardian equivalence
    Ricardian equivalence is an economic theory proposing that consumers anticipate future taxes implied by government borrowing and therefore adjust their saving so that deficit-financed tax cuts do not affect overall demand.
  • E. IS-LM model
    The IS-LM model is a macroeconomic framework that depicts the interaction between the goods market and the money market to determine equilibrium output and interest rates.
  • F. None of above. chosen

Provenance (5 batches)

The batch behind each pipeline step, in order, with when it ran. Timestamps are batch-level — stages were processed in waves, so the object chain (NER → NED1 → NEDg → NED2) reads in order, but predicate / elicitation batches can sit in a different wave.

Step Stage Batch ID Status When
creating Elicitation batch_69a4937c9c188190aaa216f6b466f452 completed March 1, 2026, 7:29 p.m.
NER Named-entity recognition batch_69a4ab989748819091a3809a747a1c5b completed March 1, 2026, 9:11 p.m.
NED1 Entity disambiguation (via context triple) batch_69a76d9577f081908aa31b1926e04bb8 completed March 3, 2026, 11:24 p.m.
NEDg Description generation batch_69a78204c1208190b2d2d19cdea93b57 completed March 4, 2026, 12:51 a.m.
NED2 Entity disambiguation (via description) batch_69a78648601881908bfcb9390ac4d6d2 completed March 4, 2026, 1:09 a.m.
Created at: March 1, 2026, 7:38 p.m.