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