Seeing People’s Illusions As Lies Creating Needless Conflict
Posted on02 Dec 2019
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Lies upset people. They start conflicts. When people hear blatant untruths, defenses kick in. They jump to the quick and say they’re... Read More
Efficient Markets are Mirages
Posted on31 Jan 2011
TagsPaul Marsh, power behind beliefs, The Economist, Why Newton Was Wrong, neoclassical economics, behvioral economics, beliefs, economic bubbles, efficient market hypothesis, Elroy Dimson, EMH, financial markets, fundamental analysis, investing, London Business School, Mike Staunton, momentum effect
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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
