Is the Efficient Market Theory Nonsense?

By on November 26, 2009

Tom Stevenson writing for seems to think so in an interesting article published several months ago. Stevenson argues that investors frequently make irrational decisions due to psychological biases such as anchoring and over-confidence.



Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>