Does Market Efficiency Trump Behavioral Bias in Finance Decisions?

Does Market Efficiency Trump Behavioral Bias in Finance Decisions?

Once upon a time, two economists were walking together when one of them saw something that caught his attention. “Look,” he exclaimed, “here’s a great research topic!” “Nonsense,” the other one said, “If it were, someone would have written a paper on it by now.” For a long time this attitude governed the view of … Continued