Kahneman and Market Efficiency
Markets are not efficient because human beings are not as rational as the Efficient Market Theory requires them to be. As Richard Thaler puts it, investors are Humans, not Econs. Daniel Kahneman is the...
View ArticleFaith and Market Efficiency
Chaplin’s mask illusion is a stark illustration of the importance of prior beliefs. People are very sensitive face detectors. We are able to distinguish among a countless number of faces, although most...
View ArticleBeauty contests
A few years ago Richard Thaler asked readers of the Financial Times to participate in this game: Choose an integer number between 0 and 100. You win a prize if your number is equal or closest to 2/3 of...
View ArticleKahneman and Market Efficiency
Markets are not efficient because human beings are not as rational as the Efficient Market Theory requires them to be. As Richard Thaler puts it, investors are Humans, not Econs. Daniel Kahneman is the...
View ArticleFaith and Market Efficiency
Chaplin’s mask illusion is a stark illustration of the importance of prior beliefs. People are very sensitive face detectors. We are able to distinguish among a countless number of faces, although most...
View ArticleBeauty contests
A few years ago Richard Thaler asked readers of the Financial Times to participate in this game:Choose an integer number between 0 and 100. You win a prize if your number is equal or closest to 2/3 of...
View ArticleKahneman and Market Efficiency
Markets are not efficient because human beings are not as rational as the Efficient Market Theory requires them to be. As Richard Thaler puts it, investors are Humans, not Econs. Daniel Kahneman is the...
View ArticleFaith and Market Efficiency
Chaplin’s mask illusion is a stark illustration of the importance of prior beliefs. People are very sensitive face detectors. We are able to distinguish among a countless number of faces, although most...
View ArticleBeauty contests
A few years ago Richard Thaler asked readers of the Financial Times to participate in this game:Choose an integer number between 0 and 100. You win a prize if your number is equal or closest to 2/3 of...
View ArticleKahneman and Market Efficiency
Markets are not efficient because human beings are not as rational as the Efficient Market Theory requires them to be. As Richard Thaler puts it, investors are Humans, not Econs. Daniel Kahneman is the...
View ArticleFaith and Market Efficiency
Chaplin’s mask illusion is a stark illustration of the importance of prior beliefs. People are very sensitive face detectors. We are able to distinguish among a countless number of faces, although most...
View ArticleBeauty contests
A few years ago Richard Thaler asked readers of the Financial Times to participate in this game: Choose an integer number between 0 and 100. You win a prize if your number is equal or closest to 2/3 of...
View Article