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