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Markets Over Models

 
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rffrydr
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PostPosted: Sun Jan 13, 2008 1:30 pm    Post subject: Markets Over Models Reply with quote
If markets can be modeled why do we need markets? The inversion of "Rational Market Hypothesis" via rationalizing the unknown:

http://media.bloomberg.com/bb/avfile/BBRECON/vfJDF9XNlHYU.mp3

Behavioral Economics vs. mechanical markets--without "irrationality." Greenspan as the ultimate central banker.
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