Why Those Guys Won the Economics Nobels
Harvard Business Review
APRIL 2, 2014
The idea of the “joint hypothesis” that Eugene Fama framed in the late 1960s and early 1970s was that there had been all this research showing that markets reacted really quickly to information and that professional investors didn’t beat the market. It feels like it’s got a little bit of Kahneman and Tversky in it.
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