On Thu, Apr 04, 2002 at 11:16:54AM +0530, Koushik S wrote:
Those who believe that the jury is still out on efficient markets hypothesis
Efficient as compared to what? To a utopia you dream of?
Or to the kind of government intervention we can see happens?
As a practising value investor, I see
At 11:16 AM 4/4/2002 +0530, you wrote:
Hence it is very difficult for me to
understand how people can believe Efficient Markets Hypothesis especially
when its assumptions are so flawed ( rational people, no information
asymmetry !).
I am never able to understand why there is so still so much
There are actually two issues 1) Is the market efficient? and 2) Can
someone, using public information, systematically earn higher returns
than those on a suitably risk-adjusted market basket?
These issues are related but they are not the same. If the market
is efficient the answer to
Title: Blank
The specific article ( Super Investors of Graham and Dodd'sville)
Imentioned gives the case study of five or six of Benjamin Graham's
discipleswho have outperformed the market over a significantly long period
of time.While Buffett has hogged the limelight but there are many
The (stock) market might, at least as a matter of initial heuristics, be
assumed to be efficient. But only insofar as _risk_ is concerned.
One can imagine, that is, that the price of a share of GM not only has
in mind all the known data about GM -- including what to make of all
the
At 11:48 PM 4/4/2002 +0530, you wrote:
The real question is whether the hypothesis
should be built on the
underperformance of the majority or on the outperformance of the
minority
(if it is strongly clustered)
More specifically, the question is whether the
overperformance of the minority
David Fincher's new movie *Panic Room* may be the finest artistic
expression of game theory around. Beautiful illustrations of commitment
problems, subgame perfection, focal points, backwards induction... And
its pure entertainment.
--
Prof. Bryan Caplan
On Tuesday 02 April 2002 15:24, you wrote:
Margarine is a blend of fats and oils, including vegetable oil. The
content varies from stick to stick. I'm not sure if there is any actual
butter in it.
As an aside, in Holland, any fat you spread on your bread is called butter
nowadays. Even
Talking about game theory movies - does anyone remember if the
game depicted in Beuatiful Mind accurately capture the Nash eq?
Fabio
David Fincher's new movie *Panic Room* may be the finest artistic
expression of game theory around. Beautiful illustrations of commitment
problems, subgame
- Original Message -
From: Robin Hanson [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Monday, April 01, 2002 7:47 PM
Subject: Re: Securities exchanges shutdowns
Alex Tabarrok wrote:
Yes, in 1968 the exchange closed on Wednesday's in order to deal with
backlog. French and Roll
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