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If the Efficient Market Hypothesis is valid ... More like Efficient Market Fallacy. Information asymmetry, propagation delay, and feed back loops in the dynami
by risingintonatio 10y ago
If the Efficient Market Hypothesis is valid
... More like Efficient Market Fallacy. Information asymmetry, propagation delay, and feed back loops in the dynamical system that is the economy almost surely forbids for such a grand Hypothesis.
But people without social skills end up working for people who do have social skills. The latter collect the money, the former do the work.
Amen.
- lutusp 10y ago>> If the Efficient Market Hypothesis is valid > ... More like Efficient Market Fallacy. Yes, maybe. We'll probably never know, since it can't be science. The EMH is one of those things that stands as an icon, a principle, a discussion point, that may or may not have any bearing on the world, but that we often use as a ruler to compare against reality -- like truth and beauty.