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I think you meant economists. People working in finance are usually under no illusion of whether the market prices in all the information at a given time, and a
by cm2187 7y ago
I think you meant economists. People working in finance are usually under no illusion of whether the market prices in all the information at a given time, and are rather focusing on who does what.
- Spooky23 7y agoI'm more talking about people in business in general. You'll see alot of posts on HN where people have faith-based belief in the market, for example. Finance people make their livings working around information asymmetry and optimizing for market outcomes. (But remember, the thumb is on the scale, and many are too big for the institutions to fail!) If the market were magically aware, they wouldn't have a job.