Efficient Markets are Mirages
Posted on31 Jan 2011
Tagsefficient market hypothesis, behvioral economics, beliefs, economic bubbles, Elroy Dimson, EMH, financial markets, fundamental analysis, investing, London Business School, Mike Staunton, momentum effect, neoclassical economics, Paul Marsh, power behind beliefs, The Economist, Why Newton Was Wrong
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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
