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