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2015-07-04

Efficient markets and behavioural finance

Comments on Richard Holden "Economic theories that have changed us: efficient markets and behavioural finance", 3/07/2015

You seem to say that both the efficient market theory and the behavioral finance they are backed by evidence. So how do you reconcile the two theories, if they have quite different implications? It is not right that two contradictory are both right?

Or this is similar to the wave and particles dual theory?

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