Comment by _def
1 month ago
> When the topic is dry and quantitative (Finance), the market is efficient. When the topic allows for tribalism and hope (Sports, Entertainment), the market transforms into a mechanism for transferring wealth from the optimistic to the calculated.
I get that the finance market is _more_ dry and quantitative than sports, but certainly not immune to hope and tribalism,
>I get that the finance market is _more_ dry and quantitative than sports, but certainly not immune to hope and tribalism
where is your paper?
Irrational Exuberance by Robert Shiller
I'll allow it!