Posted: Nov 18, 2013 7:02 am
by 4 Hours
GT2211 wrote:wrong.

I need more to work with than "wrong". That's only one step above "U SUCK U BIG DUMMY". How am I "wrong"?

GT2211 wrote:He mentions in that link largely agreeing with Mandelbrot and Taleb on said events.

Then he'd know that Mandelbrot has been highly critical of work like his.

GT2211 wrote:I don't think it really needs saved. As Noah states in the preceding paragraph it is incomplete even as a hypothesis. Yet as an organizing principle it still provides use in terms of both generating insight and providing a starting point for the field behavioral finance which led to Shiller and Hansen's work.

Well that would explain why one of the most popular intros to the topic of behavioral finance is titled thus:

Inefficient Markets: An Introduction to Behavioral Finance

GT2211 wrote:I'm not sure this is a bigger problem.

Tell me what you know about computational complexity.