Efficient Markets are Mirages
Posted on31 Jan 2011
TagsThe Economist, Why Newton Was Wrong, power behind beliefs, 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, Paul Marsh
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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
