2min chapter

Think with Pinker cover image

Methinks it is a weasel

Think with Pinker

CHAPTER

The Extreme Version of the Efficient Market Hypothesis

Timothy Stanley: The idea that markets were so efficient that nobody else could sibly find a bargain in marketable stock was wrong. He says the extreme version of the efficient market hypothesis is summarized by a joke. "It really helped us to have everybody else believe in the efficient market theory in its hardest form"

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