What the Great Fama-Shiller Debate Has Taught Us
Harvard Business Review
OCTOBER 14, 2013
It’s also possible that Hansen just got the prize because his work is so great and/or has spawned lots of productive further research, but I’m really in not in a position to judge that — his stuff is really dense. The way to test this, Fama said, was in conjunction with a theory of “market equilibrium under uncertainty.”
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