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- Eric Zitzewitz petitions the CFTC in favor of real-money prediction markets about politics. — [TEXT]
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- Computers thru time — [CHART]
- NASA has finally understood the theorical basis of LENR (low-energy nuclear reactions). — [VIDEO]
Tag Archives: discounting
A Note on the Impotence of the Efficient Market Hypothesis
No one who makes a living trading really cares about EMH, but I’m not sure why failure to predict under EMH is that surprising. Markets do more discounting than predicting. That’s part of the reason why stocks are volatile — … Continue reading