Category Archives: Trashing Rationality

Did behavioral finance get it wrong?

By Mukul PAL | Published: 7 July, 2010
Human beings may not be nice and dumb Herbert A Simon got the Nobel Prize for economics in 1978 for his research on decision making process within economic organizations. Herbert is considered one of the most influential social scientist of 20th century. A study of history of behavioral finance also cites his 1955 paper “A [...]
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Trashing the AXIOMS (Archive)

By Mukul PAL | Published: 31 March, 2010
First published on 19 Mar 2007 We humans are strange beings, we love to trash what we create, wealth or peace. It’s a harsh reality. Euphemistically we might call it a new age theory, or evolution. But the reality is that psychology is calling 200 year old economic thought as junk. And guess what, Douglas [...]
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Deficient Market Hypothesis (Archive)

By Mukul PAL | Published: 26 March, 2010
First published on 17 Feb 2007 If there is something bigger than stock market crash or a meteor crashing down on earth, it’s the death of an economic theory. After all, if the economics is right, we can still detect and divert a catastrophe. Economics is why we think we live today and is what [...]
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