sebwassl.blogspot.com
silly econ blog with a short shelf lifeSilly econ blog with a short shelf life. Wednesday, December 7, 2016. When aren't they efficient? The approach to markets, especially betting markets, supposes that they are efficient or trending towards efficiency. There is a specific circumstance where markets no longer trend toward efficiency, that is basically never discussed. Walk into a convince store, look at the dozen drinks on display. How many choices are there? What are you going to do with the cash? The solvency of banks is directly tied to t...
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