Prof. Matteo Maggiori of Stanford University on investor beliefs, trading, and global capital flows
Scientific Sense ®
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Is the Markets Inefficient?
Trading is a capital alication problem that your ultimately dealing with. An ecodomic prescription for 50 years has been just beyond the efficient frontier and in just go home. It's perfectly possible to see arbitrages in markets that aren't being exploited, even rit ow, for example, in the currency markets. And yet, so in that sense, the markets are quite inefficient.
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