Can I read Fama on EtoBox?

Fama by torosterud is a document available to read on EtoBox.

What is Fama about?

Eugene Fama has expressed discontent with the notion of "irrational bubbles" but has not publicly commented on "rational bubbles". While Fama rejects bubbles based on a lack of evidence that price declines are predictable, rational bubbles do not necessarily imply predictability. Additionally, return predictability as documented by Fama does not rule out rational bubbles. Recent evidence shows an explosive component in stock market valuation ratios consistent with a rational bubble existing in the 1990s. Th

Author

torosterud

Language

EN