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