4 ms·

Are economists still trying to sell us the fairy tale that the market is rational?

• dismalaf 5mo ago
  The saying "the market is rational" simply means that assets are priced using all currently available information.
  • zombot 5mo ago
    And then your bias makes you ignore all available information, so this doesn't mean anything.
    • dismalaf 5mo ago
      Bias affects sentiment regarding future performance. And it does mean things if you understand the meaning of the terms in the context of "finance".