← Back to context

Comment by zombot

24 days ago

Are economists still trying to sell us the fairy tale that the market is rational?

The saying "the market is rational" simply means that assets are priced using all currently available information.

  • And then your bias makes you ignore all available information, so this doesn't mean anything.

    • Bias affects sentiment regarding future performance.

      And it does mean things if you understand the meaning of the terms in the context of "finance".