4 ms·
Thank von Neumann...it's his. He did a lot of work about what it means for a market to be efficient. People forget the axioms that lead to market efficiency -
by clavalle 11y ago
Thank von Neumann...it's his.
He did a lot of work about what it means for a market to be efficient.
People forget the axioms that lead to market efficiency -- convexity being one of them.