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Cliff Asness on Comics and Why Never to Share a Gym with Cirque du Soleil (Live at Mason)
Conversations with Tyler
Is Overreaction a Possible Explanation?
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In finance, I find it's one of the biggest puzzles. Why do people trade it all? People who are fools but not better-informed than the market trading like crazy. That suggests people are systematically overconfident. If the fundamental human bias is overconfidence and that leads to overreaction, do we then have some kind of plausible, these metaphysical human micro-foundations for why securities markets stay in perfectly private?
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