Oct
15

Nobel Winners

In an odd choice, the Royal Swedish Academy awarded the Nobel Prize in economics to Eugene Fama, whose life’s work shows that markets are rational in the short run, to Robert Shiller, who says that markets are often irrational over long periods, and to Peter Hansen, who developed a statistical approach to study asset prices, and thus see if markets are behaving a la Fama or a la Shiller.

Share This Post
Facebook Twitter Email

Speak Your Mind

*