What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time… — Niall Ferguson Copy Share Image
The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population… — Andrew Lo Copy Share Image
“Why did so many smart people believe these laissez-fairey tales? It’s a good question. Some of the blame surely goes to the… — Alan S. Blinder Copy Share Image
