How Shiller helped Fama win the Nobel

At the University of Chicago, there are two professors of economics named Eugene Fama. The first — let’s call him Fama the Younger — started in the 1960s. He developed a profound insight about the markets. This Fama observed that over the short term, equity markets behave randomly. The day-to-day…

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How Shiller helped Fama win the Nobel

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