by Summary:
Eugene Fama was an enthusiastic promoter of CAPM and the Efficient Markets Hypothesis, arguing that despite their absurd assumptions, the data supported the theories. But was this a fluke, the result of the narrow data range he used–from 1950 till 1966? He has since disowned the theory in 2004, stating that “the theory has never ...
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Eugene Fama was an enthusiastic promoter of CAPM and the Efficient Markets Hypothesis, arguing that despite their absurd assumptions, the data supported the theories. But was this a fluke, the result of the narrow data range he used–from 1950 till 1966? He has since disowned the theory in 2004, stating that “the theory has never ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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