Customer Quote by Coreen T. Sol
““What the efficient market hypothesis doesn't account for is that people are not always rational. Just ask any divorce lawyer.””
About This Quote
Source Speech: Economic commentary, date unknown
Points out that market models ignore irrational human behavior, illustrated by divorce lawyers.
In simple terms: Markets ignore irrationality.
Consider human unpredictability in economics.
Themes
Mood
Type
When to use this quote
- stock market analysis
- investment decisions
- policy making
Key Concepts
Questions to Reflect On
- How do emotions affect market trends?
- Can models incorporate irrationality?
Efficient market hypothesis still useful in many contexts.