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Eugene Fama

Learn From the Fama/Shiller "Disagreement"

Dan Solin | Posted 02.02.2014 | Business
Dan Solin

At first blush, proponents of active management might find solace in Shiller's views. A closer analysis indicates such a view would be misplaced.

Alan Greenspan discovers human beings are flawed

Robert Teitelman | Posted 01.23.2014 | Business
Robert Teitelman

What is there to say about Alan Greenspan, who at 87 is out flogging his new book, "The Map and the Territory: Risk, Human Nature and the Future of Fo...

Random thoughts on rational decline

Robert Teitelman | Posted 01.23.2014 | Business
Robert Teitelman

This has been a rough few weeks for Rational Man. In fact, this has been a difficult decade or more for the concept, central to both the Enlightenment...

Economist Robert Shiller's Nobel Prize a Big Win

Harlan Green | Posted 12.14.2013 | Business
Harlan Green

Although much of what Yale economist Robert Shiller writes is about the importance of financial markets, he won the Nobel Prize in Economic Sciences for studying how financial markets misbehave. He is a pioneer in the new field of Behavioral Economics.

3 Americans Win Nobel Prize In Economics

AP | KARL RITTER and PAUL WISEMAN | Posted 10.14.2013 | Business

-- Ordinary investors don't stand much chance of beating the market. It moves way too fast and efficiently. Or it behaves in ways that make no sense ...

Has Computer Trading Made the Stock Market a "Crapshoot"?

Robert Auerbach | Posted 05.25.2011 | Business
Robert Auerbach

A new book will prove indispensible for those interested in the problems and benefits of replacing human traders with algorithmic machines -- in one of most important markets in the world.

Eugene Fama: 'Too Big To Fail' Perverts Activities And Incentives

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

In our continuing financial debate, one of the central myths - put about by big banks and also not seriously disputed by the administration - is that ...

Alan Greenspan Wins 'Dynamite Award' For Economist Who Did Most To Fuel The Financial Crisis

Posted 05.25.2011 | Business

This award won't be going on Alan Greenspan's mantle. The once-lauded Federal Reserve chairman has been awarded the "Dynamite Prize In Economics" ...

Ostrom & Williamson's Nobel Prize "Ironic"

The Big Picture | Barry Rithholtz | Posted 05.25.2011 | Business

The odds favorite to win the Nobel, Eugene Fama, lost the prize to two other Americans, Elinor Ostrom and Oliver Williamson. Ostrom & Williamson stud...