Prof. Matteo Maggiori of Stanford University on investor beliefs, trading, and global capital flows
Scientific Sense ®
00:00
Is the Stock Market Changing That Much?
The conventional wisdom has been that to markets under we at to information. If what you're saying is true, in some sense, tricus over react to information because es of the supply demanding balance way. You just need to work a little bit harder in the modelsor to figure out how this all sits together. And that's where thebalances of various sectors and the relative elasticities of these sectors in coming in and reacting to the shocks matter.
Transcript
Play full episode
