Understanding Human Herding: Part 3 – The Failure Of Efficient Market Theory

Fish herding
3.0  The Efficient Market Hypothesis And Roman Rectangular Dice In Ancient Greece, scientists of old used to come up with a theory and then do a host of experiments to prove their theory. Then, if one out of 20 experiments proved their theory, they thought it was valid. Today, we conduct a host of experiments and if one out of 20 go against a hypothesis, we have to go back to the drawing board. The Romans loved to play dice, and to do so they used rectangular dice and believed that each face had an equal probability of landing as the gods willed it. Today, we use cubes for our di...

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