Can the Market be both Rational and Irrational?
May03

Can the Market be both Rational and Irrational?

MIT Sloan Professor Andrew Lo proposes a new, evolutionary explanation of why financial markets behave the way they do  A groundbreaking new book by award-winning financial expert and MIT professor Andrew W. Lo addresses the basic question facing both economists and anyone with investments in the stock market: Are financial markets rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral...

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