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