Financial Market Bubbles and Crashes, Second Edition by Harold L. Vogel
Author:Harold L. Vogel
Language: eng
Format: epub
ISBN: 9783319715285
Publisher: Springer International Publishing
54Fabozzi et al. (2014, pp. 7–10).
55On probabilistic predictions, Fischer Black in Black (1986) wrote “Noise makes it very difficult to test either practical or academic theories about the way that financial or economic markets work. We are forced to act largely in the dark.”
56See also Lo and Merton (2009) and Fabozzi et al. (2014).
© The Author(s) 2018
Harold L. VogelFinancial Market Bubbles and Crashes, Second Editionhttps://doi.org/10.1007/978-3-319-71528-5_6
6. Rationality Rules
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