Review of the myth of the rational market by Justin Fox
So calming, that efficient market theory. Even with business ruled by unpredictable people, efficient-market true believers hold that markets are always right. Stock prices constantly adjust to account for all available information, the logic goes; businesspeople make thoughtful, rational decisions.
So are you ready for another Wall St Crash? I know I am.
Tags: Business Press, Businesspeople, Efficient Market Theory, Las Vegas, Logic, Rational Decisions, stock prices, True Believers
Superefficient markets exist in theory, not life, author suggests (Las Vegas Business Press)
September 28, 2009 By Leave a Comment