Noah Smith
Finding ways to beat the market has become a parlour game in the world of financial economics. Photo: iStockphoto
Speculation can move prices around for irrational reasons, and rational traders often either can’t or won’t bother to correct them. Photo: iStockphoto
Social wealth funds could be given incentives to act as patient, long-term capital. Photo: iStockphoto
A sizeable fraction of the findings are simply the result of publication bias. Photo: iStockphoto

Empirical economics’ growing pains

4 min read . 28 Nov 2017