HKS Affiliated Authors


Behavioural Finance. Richard Zeckhauser, February 20, 2013, Video. "Synopsis: Political and economic events shake the world. Financial markets gyrate widely in response. Such wild rides should induce substantial new thinking. Old theories, which did not allow for the whipsaws of recent years, deserve severe scrutiny, modification, and potential debunking. Such should be the fate of Efficient Market Theory, a beautiful and admired edifice, but one that simply missed salient developments in the real-world financial markets... " Link