The economics Nobel matters for India4 min read . Updated: 20 Oct 2013, 07:38 PM IST
Eugene Fama's lesson is clear: sentiments matter far less for markets than information captured by prices
The recent announcement of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has gone to three extremely deserving recipients. The combination of deep economic insight and clever methodological contributions that Eugene Fama, Lars Hansen and Robert Shiller have brought to this field has revolutionized our understanding of the determinants of asset prices.
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