4 ms·
It assumes rationality not omniscience or complete understanding and the markets are a big place - not space big but still quite a lot even at the level of publ
by Nasrudith 7y ago
It assumes rationality not omniscience or complete understanding and the markets are a big place - not space big but still quite a lot even at the level of public news. Even then it would take time for the easy money arbitrage to stabilize.