penstroma

4 ms·

1. 1.▲
   by penstroma 5y ago

   For those that are interested, this is known as the Grossman-Stiglitz Paradox. See their original paper, "On the Impossibility of Informationally Efficient Markets" (1980). In my opinion, this is one of the most important econ pap
2. 2.▲
   by penstroma 6y ago

   Thanks for explaining, and after reflection I must apologize for implying Nature Physics was disreputable. I understand it is not a mainstream economics or finance journal, so the domain of papers it reviews and accepts will be different. I
3. 3.▲
   by penstroma 6y ago

   I love reading critiques of articles by Hacker News readers in their fields of expertise, and finally feel I may be able to make a small contribution to the community. Below are some of my thoughts after a glance through the paper: 1. The c