RE: U of Cal scientists question efficient market hypothesis

--- Alypius Skinner [EMAIL PROTECTED] wrote: A statistical physics model is predicting that the US stock market recovery suggested by recent rises will only last until spring next year, before tumbling yet further. Why would this contradict efficient markets? If this

Re: U of Cal scientists question efficient market hypothesis

--- Alypius Skinner [EMAIL PROTECTED] wrote: If prices really are going up for a period of time solely on expectation that someone else will always be willing to pay prices even more unjustified by business fundamentals than the price the previous buyer paid, then it would be possible to

Re: Fw: Median voter theorem

--- [EMAIL PROTECTED] wrote: Proportional representation doesn't allow--or at least hasn't allowed--the fringe parties there to stop being fringe parties. David Yes, if by oligopoly you mean there are only a few parties, then proportional representation does not prevent that, as we don't see

Re: U of Cal scientists question efficient market hypothesis

If prices really are going up for a period of time solely on expectation that someone else will always be willing to pay prices even more unjustified by business fundamentals than the price the previous buyer paid, then it would be possible to predict that the overbid stocks will

Re: Fw: Median voter theorem

--- Alypius Skinner [EMAIL PROTECTED] wrote: we can expect a couple of large parties to split that vote. Fred Foldvary Polls show these positions are supported by large, not slim, majorities--landslide majorities. So why don't the two established parties seek to split the vote of the

Re: A Short Review of *Hard Heads, Soft Hearts*

--- [EMAIL PROTECTED] wrote: Actually it would be interesting to hear someone delinate a clear distinction between taxation on money and taxation in kind. There is no clear distinction. Fred Foldvary there does seem to be, on some emotional level, a difference David There is no