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> Mass sell offs tend to create unorderly markets So are we saying the market will be perpetual because it's not allowed to fail ? At what point does the http
by bilekas 7y ago
> Mass sell offs tend to create unorderly markets
So are we saying the market will be perpetual because it's not allowed to fail ?
At what point does the https://en.wikipedia.org/wiki/Pareto_efficient https://en.wikipedia.org/wiki/Pareto_efficient not apply ?
If it's manipulated, the efficient seems moot.
- azernik 7y agoPareto efficiency does not apply, because it is a theoretical construct that assumes perfectly rational actors. It's useful for thinking about the market, but not an actual law. (For a more humorous statement: https://www.youtube.com/watch?v=oap6_U8-HvI https://www.youtube.com/watch?v=oap6_U8-HvI)