Efficient Market
topic on 1 show · 1 statements across 1 episodes
1 statements about Efficient Market, every show
Asness: Grossman-Stiglitz paradox proves markets cannot be perfectly efficient
“Grossman and Stiglitz wrote a paper introducing a paradox about a perfectly efficient market a long time ago that people need to spend a lot of money making something perfectly efficient on research, on time, and why are they going to do that if it's perfectly…”