Consider Eugene Famas comments in his Nobel Prize lecture on identifying asset bubbles. a. Do the examples

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Consider Eugene Fama’s comments in his Nobel Prize lecture on identifying asset bubbles.

a. Do the examples he gives convince you that the concept of asset bubbles has ‘little meaning’?

b. If people are aware of herd mentality, then should this imply that such behaviour will become part of the available information that people will factor into decision-making?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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