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Does behavioral economics offer an alternative theory with useful predictions? Like, do we have an option pricing model that holds up better than models coming
by richrichie 3y ago
Does behavioral economics offer an alternative theory with useful predictions? Like, do we have an option pricing model that holds up better than models coming out of standard theory?
- DrFalkyn 3y agoThose option pricing models (mostly) work because everyone uses them. Because (almost) everyone is convinced they work. Convince everyone to use a different model and it will work.