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No, it's just that markets where deception is common are not "efficient". A deceptive market can only result in complete unraveling, or exploitation of the hon
by zozbot123 8y ago
No, it's just that markets where deception is common are not "efficient". A deceptive market can only result in complete unraveling, or exploitation of the honest, non-deceptive players (which is per say inefficient). There's no other possibility.
- deleted 8y ago[deleted]
- coldtea 8y agoWell, then there has never been an efficient market that also had the quality of existence...