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{"id":2214,"date":"2011-03-28T22:01:39","date_gmt":"2011-03-29T03:01:39","guid":{"rendered":"http:\/\/www.calculatinginvestor.com\/?p=2214"},"modified":"2011-04-01T09:47:22","modified_gmt":"2011-04-01T14:47:22","slug":"behavioral-finance-mind-over-money","status":"publish","type":"post","link":"https:\/\/www.calculatinginvestor.com\/2011\/03\/28\/behavioral-finance-mind-over-money\/","title":{"rendered":"Behavioral Finance: Mind over Money"},"content":{"rendered":"
I enjoyed this program on behavioral finance from Nova.\u00a0 However, I think the program is a\u00a0bit\u00a0biased against\u00a0the\u00a0EMH professors (Fama, Cochrane, and Becker).<\/p>\n
I\u00a0believe that market prices\u00a0may sometimes be irrational, but I also\u00a0believe that\u00a0there is a big difference between showing that individual investors\u00a0are prone to irrational behavior\u00a0and showing that markets as a whole\u00a0behave irrationally.\u00a0 I think the program does a\u00a0poor job of distinguishing between the two.<\/p>\n