Why Those Guys Won the Economics Nobels
Harvard Business Review
APRIL 2, 2014
Shiller hammered away on this point in the ‘80s, and in fact Fama also published some of the same observations. It feels like it’s got a little bit of Kahneman and Tversky in it. That is, potentially amazing technology if you can only figure out how it works. They tend to be followed by declining prices. Lars is famous for that.
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