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search results for `Economics and Statistics` |u:www.cam.ac.uk
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Traders’ biology may play a bigger role than their rationality |…
https://www.cam.ac.uk/research/news/traders-biology-may-play-a-bigger-role-than-their-rationality13 Jan 2009: The Efficient Market Hypothesis in economics has long claimed that markets select for rational expectations. ... It is unlikely. Population statistics such as ours give average effects over a population but can be tricky when applied to individuals.
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