Hacker News new | ask | show | jobs
by _def 142 days ago
> When the topic is dry and quantitative (Finance), the market is efficient. When the topic allows for tribalism and hope (Sports, Entertainment), the market transforms into a mechanism for transferring wealth from the optimistic to the calculated.

I get that the finance market is _more_ dry and quantitative than sports, but certainly not immune to hope and tribalism,

1 comments

>I get that the finance market is _more_ dry and quantitative than sports, but certainly not immune to hope and tribalism

where is your paper?

Irrational Exuberance by Robert Shiller
I'll allow it!