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