Chapter
Debating Academic Theories on Financial Markets
52:31 - 56:21 (03:49)
The speaker talks about the controversy surrounding academic theories on financial markets in the early 90s, and the skepticism of some people towards them.
Clips
The theory of financial markets was met with criticism in the early 90s, as people didn't agree with its accuracy.
52:31 - 56:21 (03:49)
Financial Markets
Summary
The theory of financial markets was met with criticism in the early 90s, as people didn't agree with its accuracy. However, Danny Kahneman and Amos Tversky later provided reasons as to why this is probably true.