Efficient Markets are Mirages
Posted on31 Jan 2011
TagsWhy Newton Was Wrong, The Economist, power behind beliefs, efficient market hypothesis, Paul Marsh, neoclassical economics, momentum effect, Mike Staunton, London Business School, investing, fundamental analysis, financial markets, EMH, Elroy Dimson, economic bubbles, beliefs, behvioral economics
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Emotions drive human decision-making, a key assumption behind the effectiveness of intuitive approaches. However, mainstream economic theory – as represented by neoclassical... Read More
